401k

401k with catch up and additional (Roth) IRA?

Oct 04 2023

Hello-I’m over 50 so I am allowed to add an additional $7500 a year to the $22500 a year maximum 401k contribution. I am deducting the max 30k a year from my paycheck. Can I also open a Roth IRA...

reddit.com

Should I Max Out My 401k? [The Surprising Truth]

Mar 30 2023

Retirement planning is an essential part of personal finance that requires careful thought and consideration. One of the most popular retirement savings vehicles in the U.S. is the 401(k) plan, which ...

ofdollarsanddata.com

ESG and its effects on 401k plans

Mar 21 2023

The government recently did a veto on a bill that would require investments in Retirement funds not be required to meet the Environment, Social, and Government requirements, rather than on profitabili...

community.aarp.org

Planning

What do I do with my 401K?

Mar 16 2023

I'm about to turn 61, and will work until 65 when I retire. Speaking in general terms, I have $500K in my 401K made up of my contributions, employer match, and decent growth over time. 80% of that is ...

reddit.com

Getting past the mental blocks about spending 401k money

Mar 15 2023

I've read through some posts about people being afraid of spending their 401k and most responses assume you aren't depending in the 401k to be your main source of income. The only pension I have may b...

reddit.com

Spending

What institutions do you recommend for 401k s?

Mar 15 2023

I was previously a teacher but now have my own LLC and on payroll with an s-corp. What financial institutions do you recommend for getting my own 401k? submitted by /u/Low-Zucchini6397[visit reddit] [...

reddit.com

Employer Stock In Your 401(k) Account Can Leverage Your Risks

Mar 14 2023

Owning employer stock in your 401(k) can increase returns, but it multiplies your financial risk....

forbes.com

Risks

Total 401k return by retirement?

Mar 14 2023

Does anyone know what the avg TOTAL return is for a 401k by retirement? Example to make things easy: If by 65 I’ve invested $20,000 of my money into my 401k but my portfolio is worth $100k, it w...

reddit.com

401k rate of return?

Mar 13 2023

Hi, I'm nowhere near retirement but I've been investing in my 401k for quite a while now. I know if I have demanding concerns I'll speak with an actual financial advisor, but I'm curious if anyone kno...

reddit.com

What are my next steps?

Mar 13 2023

I’m 60, SF, no kids and starting to seriously think about my next steps. I have a good job (85k) and benies and ~$500k in my 401k. Only have ~ $2k in savings and owe $5k on CC. Car will be pd in...

reddit.com

I have my own Roth IRA and my companies Roth 401k, how should I contribute?

Mar 13 2023

I’m just coming up on year one at my newish job. Decent pay (70k but a raise is in the works in the next two months that is negotiable). I’m currently 30M. Currently have about 15k in Roth...

reddit.com

How do I get over the fear of spending my 401k?

Mar 12 2023

submitted by /u/mmura09[visit reddit] [comments]...

reddit.com

Spending

401k vs Roth 401k how to decide?

Mar 11 2023

Im hoping to get some clarity on deciding. The usual advice i see is if you think youll be in higher tax bracket in retirement then go roth, if same tax bracket it doesn't matter and if lower tax brac...

reddit.com

How To

How does retirement cash flow from 401k actually work?

Mar 08 2023

Okay, so this may seem like a silly question, but consider me completely uninformed regarding retirement and cash flow. I will provide a little bit of my situation for context. I am 52 and married. Th...

reddit.com

401k and retirement?

Mar 05 2023

Hello I am a 28 year old business owner and have run a pretty successful business for the last 5 years. I have been so focused on growing and building the business that I never really thought about re...

reddit.com

Should I Liquidate my 401k to pay off the mortgage? I'm over 60

Mar 05 2023

I'm still working but on the verge of retirement. In an effort to eliminate monthly expenses, I'm eying my 401k, which is sitting at a 450k balance to pay off my first and only home loan. It has a sim...

reddit.com

Real Estate

Saving for retirement in brokerage account not 401k. Can I do this?

Mar 03 2023

Just started a new job at a great but small firm and they have no retirement plan. I have worked for 25 years and and have contributed to a 401k. I want to finish out the last 10-12 working years at t...

reddit.com

Roth IRAs, 401(k)s and 529s

Mar 02 2023

We always know when it is the beginning of the year, because we get so many questions about retirement accounts and everything related to them. This episode answers more of your questions about employ...

whitecoatinvestor.com

Messed up saving when I was younger how much should i save in my 401k now?

Mar 02 2023

I just turned 34 I only have about 9k in my 401k and it’s aggressive investments (since I’m still somewhat youngish) right now I have 10 percent going into traditional (+ 6 percent match)a...

reddit.com

How Much

New 401(k) Rules and Benefits for 2023

Feb 28 2023

Big changes are coming to 401(k) benefits this year and the next few years. If you want to maximize your retirement savings and your retirement lifestyle, it’s critical you are aware of these ch...

401kmaneuver.com

Lifestyle

Does your company transfer retirement 401k funds every quarter?

Feb 28 2023

Looking at my 401k, they have transfers every three months to the same stocks just moved around a little. Is that normal? submitted by /u/AlienRealityShow[visit reddit] [comments]...

reddit.com

You Can Contribute Even More To Your 401(K) In 2023, But Should You?

Feb 27 2023

The IRS's 401(k) contribution increase in 2023 is nearly 10% over the previous year's $20,500 limit. What contributed to this rise? Is this an opportunity for you? If so, how can you take advantage of...

forbes.com

Contribute to 401k or Roth 401k?

Feb 27 2023

Should I be contributing to my 401k or Roth 401k? My employer offers both and I currently contribute 4% to the Roth 401k and 3% to my 401k. Should I go full Roth? Currently make $135k/yr and anticipat...

reddit.com

The Biggest 401(k) Funds Ranked

Feb 26 2023

Use Kiplinger's guide to 401(k) funds to boost the performance of your retirement portfolio. We analyze them and rate each one “buy,” “sell” or “hold.”....

kiplinger.com

Portfolio

Can you form a Shell business to open a solo 401k?

Feb 25 2023

submitted by /u/Dry-Tank-6152[visit reddit] [comments]...

reddit.com

401(k) Hardship Withdrawals – What You Need to Know

Feb 20 2023

A record number of Americans are taking hardship withdrawals and tapping into their 401(k)s. According to Fidelity, “Participants taking hardship withdrawals from their accounts rose to 2.4% las...

401kmaneuver.com

Withdrawals

Can someone explain 401k or pension to me like I am 7 year old. How much people end up receiving after they retire?

Feb 19 2023

submitted by /u/Detroit3_1_3[visit reddit] [comments]...

reddit.com

Pensions

How Much

guidance on 401k

Feb 19 2023

I'm currently 35 and have a 401k set up in a wmu55 account . I been wondering about breaking it up or switching it to a black rock Russell 1000 or 2000 account. Can anyone shed light if this is a good...

reddit.com

Turning 62 soon. Having trouble finding decent work. Little to nothing saved, no 401k, no pension. House and car paid for

Feb 19 2023

Can't seem to find any meaningful work. My body just can't handle stuff I'm good at (type of work I'm doing now) and I've found that absolutely nobody wants to hire an old guy as a software developer....

reddit.com

Pensions

Real Estate

Recession coming? Early 60s, no time to let a 401k bounce back if it tanks. A decent idea to pull it all out? Better to lose some potential growth, than lose a whole lot more?

Feb 19 2023

submitted by /u/rockinbluesbaby[visit reddit] [comments]...

reddit.com

Recession

Why Healthcare 403(b) and 401(k)s Are Being Sued for Excessive Fees

Feb 18 2023

[Editor's Note: While physical cash becomes less and less relevant in everyday life, credit cards continue to thrive. And the companies that issue them are making it easy to take advantage of all the ...

whitecoatinvestor.com

Health

I currently have two loans taken out of my 401k. If I pay off the lowest amount, can I take another one out?

Feb 18 2023

I’m trying to do a lil debt consolidation. I have two loans that I’ve taken out with the lowest being $535 and the highest $1200. Would I be able to take out a $4,000 if I pay off the $535...

reddit.com

One advantage to having a brokerage account vs. 401k/IRA/etc.

Feb 17 2023

I've recently started looking at a bit of estate planning as I am aging. I am still a number of years from retirement, but my health isn't perfect and given my family history, I probably won't be arou...

reddit.com

Women have better 401(k) habits than men, but still less savings

Feb 16 2023

...

financial-planning.com

Asking about my options. I’ve been learning finances and my god, it was a kick in the back. I’m 32 My situation: I left my first job but my new job doesn’t match contribution. And I’m not allowed to c

Feb 16 2023

I can roll over the Max contribution to a Roth. Then do it again every year. 2 roll over into a money market account. My questions are: what else can I do? Could I use my Roth to invest into Treasury?...

reddit.com

Career

Can a reverse rollover from an IRA to a 401k reset your contribution limit for the year?

Feb 15 2023

If someone where to invest the max IRA contribution limit of $6,500, then turn around and roll that over into an employer 401k, would that then reset your IRA contributions for the year? Allowing you ...

reddit.com

No 401k FOR YOU!

Feb 15 2023

I'm having a problem and I was hoping I could find some expertise here. I have a 401k at a smallish plan provider that I won't name, yet. I have a need to cash-out my current 100% vested balance. I am...

reddit.com

What to do with my 401k accounts

Feb 14 2023

I’m tired of having 3 different 401k accounts so I want to consolidate and I’m looking for some advice/opinions on my options. Option 1 - roll 2 over into my current employers 401k Option ...

reddit.com

Your experience with Blue Star Retirement

Feb 12 2023

My son started his first real post-college job at a small employer (< 50) who contracts with Blue Star Retirement to handle their 401k plan. He doesn't know anything about investing and so he just ...

reddit.com

Pre-tax vs. Roth 401(k): Deciding which to use for retirement is trickier than you think

Feb 11 2023

The choice between pre-tax and Roth 401(k) contributions may be trickier than you expect, financial experts say. Here's what to know....

cnbc.com

Taxes

Will my old employer know where I’m newly employed when I rollover my 401k to new employer?

Feb 08 2023

I have a 401k through my old employer. Worked there for 4 years. I left on good terms however it was hell working there. It was such an unprofessional setting, all the employees including management l...

reddit.com

Contributing my bonus to 401k. Will this affect my 4% company match?

Feb 07 2023

I like to try to max out my 401k as early in the year as possible. My company match is 4%. We get our bonus in March, and I can elect to contribute as much of it as possible to my 401k. I expect my bo...

reddit.com

Advice for your younger self

Feb 07 2023

I’m a 51 yo . I have 401K with $228,000. I earn $110,000-120,000 a year. Save 13% plus employer matches 100% up to 6%. I also max out my Roth. For January total invested between 401k, employer m...

reddit.com

Help with choosing to enroll in a 401k with no match or not.

Feb 06 2023

I'm 26 and started a new job. At my old company I contributed to a 401k which received a 5% match, and I also have my own IRA. My new company offers a 401k but does not offer a match program (sucks I ...

reddit.com

Difference between 401K and 457B?

Feb 06 2023

new but would like to start saving in my upper 30s first permanent job too. submitted by /u/tbluhp[visit reddit] [comments]...

reddit.com

Pension or 401K

Feb 03 2023

Im thinking about taking a job that would be a 40K pay cut but would give me a pension in 12 years. So just to have numbers to work with I make about 175,000 right now but the job Im considering is ab...

reddit.com

Pensions

Should I got 50/50 on 401K accounts?

Feb 02 2023

I currently invest 100% of my investment into my Roth 401K. Would it be better to split it 50/50 into a before tax and after tax account? I know there are tax advantages to both. Does it really matter...

reddit.com

Using your 401K or IRA to fund early retirement without penalty > - Leisure Freak

Feb 01 2023

Using your 401K or IRA to fund early retirement without penalty can be done under certain conditions. There are a couple of methods to take early withdrawal...

leisurefreak.com

Early Retirement