Recently laid off, employer is forcing 401k disbursement. What should I do with it? HR changed their prior policies, informing me that my 401k will be distributed within a few weeks. Before, it could be left alone, but they said it’s not allowed to sit there anymore. I have $1.3M in my account. I’m over 55, so I wouldn’t have to pay a 10% penalty to cash out, but I don’t know what the best long-term strategy is. Some background…

401k vs investment property My husband has been contributing 10% to his 401k for the past decade (very small company match), but tonight he brought up the idea of investing that money elsewhere. We have often talked about getting an investment property (either a vacation home or long term rental). What would be the pros and cons of stopping his 401k contributions for a few…

401k and need a roof I’m leaving my first job for a better paying one but I need a new roof that costs $15,000 can I cash out my 401k I’m 32 and getting a government job any suggestions??? submitted by /u/No_Perspective7151

What should I do with my 401k? For I currently have a 401k of about 2k sitting in an account from a former employer. I haven’t worked at that job for about 2 years and have not contributed to that 401k instead have been contributing to the one where I’m currently working. I wanted to know what you would recommend I do? I’m not good with financial things and was looking into…

How much should I be saving in Roth and 401k? I’m a recent grad and my income will be 72k pre tax, around 54k post tax. How much should I save per paycheck and in what accounts? I have almost no savings currently but also no debt or loans. I don’t think my employer matches anything for the first few years I’m there if that makes a difference. I don’t have any health insurance premiums. I wa…

How to save without 401k? My new job has a pension system, I am not able to contribute anything to it on my own. Approximately $500/ month goes into a fidelity account through this pension. I have $2k in it now. After 3 years of service at my job, the pension will be 50% vested. I think it fully vests after 7 years, but I will not stay for more than 3 years max. I actual…

401k advice and help I am working in the USA on work visas and setup a 401k which I have been making steady contributions to. Recently, we discovered we may need to leave the USA in a few years due to our work visas expiring (and a few other reasons). What should I do with my 401k? Right now I am making pre-tax AND Roth contributions (2.5% each). Should I keep it th…

Change of jobs, change of 401K plan Old job had a 3% Roth 401K match so I put in 4% post tax + 4% safe harbor in Traditional 401K for a total of 11% of my salary split between Roth and Traditional. It was fully vested in VFFVX, Vanguard 2055 Target Date Fund. New job has no 401K match. I actually talked them into doing a pre-tax traditional 401K when I realized they had the benef…

Need help with 401K allocations please, current fund is doing nothing! Happy Memorial Day to all. I am a 40 year old male with 350K in my 401K. It is currently all invested in PRJIX (T Rowe Price New Horizons), @ $55.59. Down from the all time high of $101.35 on 11/9/21. This fund was butchered -36.91% in 2022. I have been patiently waiting for this Small Cap fund to recover, but it cannot get over $60 and I’m worr…

401k maxing out or Brokerage of $800 a month 23M making 60k salary. I work in a high growth potential career (1st year analyst at a big bank) I have $800 left after expenses that I’ve been putting into a brokerage with 8% into 401k (company match of 3% after up to 6% contribution). My question is i’m trying to max out my retirement potential and hopefully retire in my 50s living off of bro…

My job just contributed to my 401k 4 months after i got terminated So uh… what could that be about? I was contributing at max match, and what they contributed is about equal to what i would normally get from their contribution. As far as i know every paycheck contribution has been accounted for. Just randomly a couple months back it shows “match contribution”… but obviously no main contribution because I do…

My father died and left behind 401ks. Trying to manage money for elderly mother. How do I use 401k to cover expenses in the most tax efficient way possible. Dump 401k into IRA? Hello Everyone. First ever reddit post here. Long time lurker. I’m from the USA. My father passed away a few months ago and left behind two 401ks totaling 340k and 47k that are now in my mothers control. I am trying my very best to figure out how to handle her money responsibly but I am a young man and my father passed so unexpectedly and I feel…

Rolling over a 2k balance from a 401k to a IRA. Would it be crazy to just buy a specific stock and just forget about it instead of a fund? It’s only 2k and I’ve had decent luck previously doing that and holding onto shares with Walmart and nvidia. submitted by /u/coreykimball

35 years old. Want to start contributing to 401k but feel it’s too late. If I put $500/month into a 401k until I’m 65, how much would I have at retirement? I don’t know where to calculate this. Just feeling really bad right now and behind right now. submitted by /u/cynnie93

Forced 401k roll-over? My company was purchased by a private equity firm. They are working on the details. They said I have until June 21 to liquidate my 401k into the new 401k. Both with T Rowe. I have never heard of a forced roll over! Is this a new thing? Can I fight it? submitted by /u/dharma_is_dharma

Forced 401k roll-over? My company was purchased by a private equity firm. They are working on the details. They said I have until June 21 to liquidate my 401k into the new 401k. Both with T Rowe. I have never heard of a forced roll over! Is this a new thing? Can I fight it? submitted by /u/dharma_is_dharma

Have a 401k from previous job, what do I do with it? Like the title says, I have a 401k with 13k in it. The new job I went to is a government job and we use a LAGERs retirement. Should I withdraw the 401k and take the tax and penalty hit? What should I do? submitted by /u/TheThinkingJacob

Have a 401k from previous job, what do I do with it? Like the title says, I have a 401k with 13k in it. The new job I went to is a government job and we use a LAGERs retirement. Should I withdraw the 401k and take the tax and penalty hit? What should I do? submitted by /u/TheThinkingJacob

New job, need help understanding how to max 401k I just started a new job and mine says match of contributions up to 2% of the first 4%. Can someone help me understand this please? Thanks. submitted by /u/TrolliGummiWorms

Retirement Savings – Roth 401k only vs Roth 401k and Roth IRA This question is about retirement savings. The advice I’ve gotten regarding the order in which to save is as follows, assuming you have no consumer debt and an emergency fund: Meet your employers 401k match Invest in your IRA If you max out the IRA, put more money in your 401k and max that out I was always under the impression that the reason …