Showing 50 results of 205
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 ...
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...
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] [...
Owning employer stock in your 401(k) can increase returns, but it multiplies your financial risk....
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...
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...
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...
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...
submitted by /u/mmura09[visit reddit] [comments]...
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...
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...
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...
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...
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...
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...
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...
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...
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]...
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...
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...
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.”....
submitted by /u/Dry-Tank-6152[visit reddit] [comments]...
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...
submitted by /u/Detroit3_1_3[visit reddit] [comments]...
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...
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....
submitted by /u/rockinbluesbaby[visit reddit] [comments]...
[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 ...
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...
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...
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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?...
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 ...
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...
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 ...
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 ...
The choice between pre-tax and Roth 401(k) contributions may be trickier than you expect, financial experts say. Here's what to know....
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...
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...
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...
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 ...
new but would like to start saving in my upper 30s first permanent job too. submitted by /u/tbluhp[visit reddit] [comments]...
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...
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...
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...
How much money have you saved in your IRA and 401K? Making contributions to one of these tax-deferred retirement accounts is the easy part. But withdrawing this money in retirement gets complicated. T...
I’m retiring later this year and have a company 401k of $350k. I contacted the company asking about withdrawing after I retire. They told me I would have to choose how long I want to withdraw an...
Last year was a bumpy ride for the market, and many investors are rattled. We’ve talked before about how the market goes up 80% of the time. But this also means it goes down 20% of the time. And...
Use this free 401k early withdrawal calculator to understand the potential impacts of an early withdrawal on your long-term savings....
Get the details on 401k contribution limits for 2023 in order to determine how much you want to stow away in your employer-sponsored retirement account....