Roth or Traditional 401K I am going crazy trying to decide if I should go with Roth or traditional 401K. I have read multiple Reddit posts, read the wikis, and watched YouTube videos over the course of the past few weeks and I still cannot decide. Currently 27, single, living in California, making $77K. I am maxing out my traditional 401K and Roth IRA, then investing a…

Moving 401k from old job to personal(new job doesn’t have 401k, mom and pop shop) I have been pushing this off for too long and need to move my 401k from my old job to personal but don’t know which to go with because i want to transfer money and then be able to add to the new account for my future. Ive done some of my own research but sometimes feels overwhelming. is there one that is anyone would recommend or that’s best for…

Paychecks not going into 401k So I started a new job back in December of last year and my 401k plan says that I have to work 3 months to be eligible for the plan. I checked in March to see if my checks are being deposited into my plan, and they were not. I reached out to my HR department and they said “They saw I updated my contribution % when I was eligible (at the 2 month …

What will happen to my 401k? I currently work a full-time job with great benefits, including 401k match. I do plan on going back to school full time and will work part-time, leaving my benefits. What will happen to it? Can I still make personal investments even if it’s minuscule (compared to what I’m currently investing)? submitted by /u/doopiedopefish

What’s the best thing I can do with my 401k from a previous job? I’m in Los Angeles, California. I am 35 years old. I was putting money into my pre tax 401k when I was working with a private employer. I quit a few years ago and I did not move my 401k that I have with them. There’s bout $9,000 in there and it is with the Standard. Now I work in public education. The school district I work with has 403b, 457b, …

Is Maxing 401k and Roth IRA enough for Retirement? Hey all, I’m doing some retirement planning and i’m trying to simplify my approach to saving. I want to just max out my traditional 401k and Roth IRA every year and really not have to think about it again assuming my salary allows this every year. I currently make $130k a year and have ~30k in my traditional 401k and 10.5k in my roth ira I’m 23…

Is it possible to avoid Transamerica’s 401K admin percentage fees by doing regular partial rollovers to a Fidelity IRA? First, I feel the need to apologize in case I say anything misinformed. I’m pretty new to having a 401K, so please let me know if anything I say is incorrect! The 401K I have with my current employer is with Transamerica. I don’t really trust this provider as I understand they have a few confusing hidden fees that can really add up. 1) Is it pos…

401k plan seems very generous at my new job. Are there any catch to look out for? I’m onboarding a new job and they say if I put in 10% to my 401k they will match at 6.5% so a total of 16.5%. This almost seems too good to be true. My last 3 jobs always matched a really small amount like 0.25% up to 4% so 1% total. submitted by /u/Basic_Butterscotch

Ascensus/Vanguard Solo 401K vs. Fidelity I was about to open a Solo 401k with Vanguard, but now they just sold their Solo 401k business to Ascensus. But from my understanding the Ascensus account can still invest in Vanguard funds. Is Ascensus still going to be a good option, or should I now consider Fidelity, which was my 2nd choice? submitted by /u/chad1229

Paying back a 401k loan (question) Outside of whether or not it’s a good idea. I was wondering how it works to pay the loan back. If I were to take a loan out on say 25% of my current 401k holdings. Am I then paying back that sum with my regular payroll deductions until it’s payed off. Plus the interest I also owe from taking the loan? I’m just trying to get an idea if I’d need t…

Loan Against 401k Bad Idea? A little setup: My sibling and I both live on our own now (both mid 20s) and our parents (both mid 50s) have only rented since they felt forced to quickly their house in 2008 due to finances and a financially related move to another state. They had only been paying on that house for a few years when they sold it I believe. My dad has a 401k but …

IRA/401k recommendations? I’ll preface this with – I am new to saving and new to being a responsible adult. I’m 35, married with two kids. I have worked for almost the last 10 years to get done with school and get a decent paying job. I finally have my license as a therapist and I’m working as a 1099. I am currently bringing in around 80-85k gross, I am paying quarterly …

Getting divorced, considering pulling from 401k to pay her out I’m getting divorced. She wants 30k to go away and I have most of that saved up but I also don’t want to liquidate my current savings. I have an old 401k account I never rolled over with about 33k in it that is separate from my other one which currently has 100k (I’m 36 fwiw). I know generally withdrawing from 401k is a bad idea but I’m at a we…

What happens to my 401k if I start a new job that has a different 401k provider? I currently have a 401k with Fidelity. If I change employers and the new employer has a different 401k provider, can I transfer my funds or do I have to start all over with a new account? submitted by /u/throwinggushers

Roth Rollover – 401k or IRA Question: I’m starting a new job and have ~$25k in my old employers Roth 401k. Should I rollover to a Roth IRA and start my new 401k as traditional? Edit: OR should I just stick with Roth 401k? Background: I’ve been contributing to Roth 401k for about 5 years with salaries from $45-75k, so in the lower tax brackets. I’ve always gotten the advice…

401k rollover during volitile market Hoping I can get some insight on an old 401k I’m hoping to rollover from Principal to Schwab. I have both pre tax and after tax contributions in the 401k. I was told that it would require both a rollover IRA and Roth IRA to be open at Schwab. That has been completed. Conveniently, Principal does appear to have to option to allow users to complet…

Pay off debt, invest in 401k or build savings? How’s my financial plan? I’m 31 and just received a 2.5% increase so now I’m making $62,000 per year take home pay $4,200 per month. I have around $8,500 in credit card debt with 1% interest on a balance transfer. I plan to do a second balance transfer on another card when the promo ends at the end of the year at a 5% fee. Also 1% for two years. At my current rate I sho…

401k Rule of 55: getting re-hired at same job?? I am 50YO with 1.3M in 401k. I have worked for 30 years at a VERY generous company when it comes to match and ESOP contributions. I plan on working till I am 55YO and can invoke the Rule of 55. I MAY want to return to work on a limited schedule (maybe 20hr/wk) at this same company. My question is: can I get re-hired at the same company (say age…

First job out of college at 25. How should I be managing the money I’m making? What should I be saving? What are my savings options when my work only offers a non-matched 401k? I have my first job out of college at age 25 making $52,500/yr pre-tax. I get paid bi-weekly net around 1700$ (3400/month net). – Rent, utilities, phone, car insurance costs $1650/month – Phone – 15, car insurance – 90, utilities – 105 – Food bill is around 200-300/month – I have no existing debts as I was lucky to get scholarships and grants th…

I got let go with $76k in 401k. How should I handle this I was let go from my job and I have a little over $76k in my Fidelity 401k. I need to take out about $10,000 to pay off some debt and restore my emergency fund. How should I handle the rest? Should I withdraw all of it and put what I don’t need right now in a HYSA? Or maybe withdraw what I need and roll the rest over into an IRA? submitted b…