401k rollover good or bad? I am in the process of switching jobs and habe roughly 4k between my Roth 401k and normal 401k. So far I know that my options are: 1. leave it 2. roll it to my new employer 3. put it in a (roth) IRA Do you guys recommend any of the options and if so why? Am i missing anything or are those really my only options. So far i figured I would roll it …

Need direction for 401k Hello! Long story short, I’ve moved jobs a lot and around the country multiple times in the last ten years. Every new job I cashed out my old 401k rather than rolling over because I was always struggling due to student loans and moving. I know this was a dumb mistake I made that I’ll pay for. So I’d like to do something different now. I moved t…

Roth vs Traditional 401k: Do my calculations make sense? I recently got a new job, and I’m deciding between a Traditional and Roth 401k. I’ve read posts and articles stating that traditional is the way to go for high income earners because it’s one of the best ways to save on taxes. However, I also see some stating that I’d actually be paying more in taxes when I withdraw from a traditional than from …

401k transfer or backdoor Roth Hi all I have a traditional 401k that’s been sitting with my previous employer for almost 4 years and i don’t know if I should transfer it to my current employers 401k or do something like a Backdoor Roth? If I do a backdoor Roth do I need to pay taxes on the traditional 401k ? submitted by /u/Glum_Refrigerator746

Taxes after maxing 401k This is the first year i can afford (well, attempt to afford), maxing my 401k contribution. Looking at my paystub, it appears that taxes are withheld on the basis of my gross pay. Is it worth adjusting my withholding, is that what most folks do? Or do i just not mess with it and get a refund? How do i figure out what the right withholding is? I’…

FIREing abroad 401k worth it or dumb move? I plan to retire abroad where $90k per year is enough to line on, in other words zero cap gains tax . If that’s my situation, is there a point to contributing to maxing my 401k, Roth IRA, and HSA? That was my original plan but now I’m second guessing whether that’s a dumb move or not. submitted by /u/realdealmiguel

401k catchup question I’m trying to help my mom out as she got her first 401k. She is over 60 so she thought she can contribute the amount+ catch up which was around 30k. She ended up 1000 or so over the normal but never did anything to initiate a catchup. Will that put her over or does the catchup mechanic apply anyways? I’m not familiar with 401ks at all. She also …

Should I pay back my 401k loan? I recently left a job I was at for about 1.5 years I saved up about 10k in my 401k and also had a loan on it which I owe 1600 on after leaving and I decided to just take the penalty and withdraw my savings my question is if I don’t pay back my loan I’ll just have to pay taxes on the loan plus 10 percent come tax season? Why wouldn’t I do that vs…

New job – no 401k for 1st Year – open ROTH IRA or pay off student loans? I’ve just started a new job in which I won’t have access to contribute to the 401k plan for the first year. That said, I’m currently debating on what to do with that money that I otherwise would have put towards 401k. Please note – the only debt I have to my name are my student loans, which total roughly $23k at 3.4% interest. That said, should …

Should I change my Roth 401k contributions to regular? Long time lurker, first time poster, please be kind, especially if I have missed any basic pinned information that I’m expected to be up to speed on. Also, posting from alternate account due to discussion on incomes etc. being included. Our household (spouse, 8 yo son and myself; married filing jointly) AGI exceeded $256k ($210k taxable) for 20…

I hate my company’s current 401k provider. What can I do about it? I absolutely despise OneAmerica. My prior 401k was managed by Fidelity (still has money in it) and what a world of difference. OneAmerica’s dogshit customer service, interface, fund options, and lack of just basic information about what my money is doing is honestly mind blowing. Can I rollover all my money into my previous employer’s 401k acco…

New job requires 90 days before 401k investing but theres a 60 day rollover window from last company what do i do? I just started a new job where technically you aren’t fully hired until 90 days after your start date to evaluate youre a good fit but most people do not fired after that point. I would like to rollover my 401k and Roth 401 from my previous employer but that has a 60 day rollover window. What do I do in this case? submitted by /u/korakura…

What should I do about my 401k? I have been working but never contributed to a 401k due to my need of paying rent and paying off credit card bills. Open enrollment at work is going on, and I’m wondering if I should start. I still have a significant amount of CC debt to pay down, and it’s going well so far. Regarding the 401k, the company matches dollar for dollar up to a 7% co…

company got aquired, new employer Post tax 401k. Am i really sacrificing this much pretax benefit? math inside My new employer’s 401k is a Post Tax 401k. Yes you read that right, and I had to Google it to understand how it works. It is NOT a Roth 401K. There are no pretax benefits and you still have to pay income tax on your gains when you take withdrawals in retirement. Can someone double check my math? All other things being equal, it seems like I am s…

Do you lose out on earning on your 401k if you take a loan out? My husband wants to take a loan out of his 401k to buy a car. His reasoning for this is that he won’t have to pay any interest on a car loan. I think this is a terrible idea, because he won’t be making gains in the market on the money he takes out for a loan. He disagrees and thinks he would still be earning on that money in his 401k since this …

If I die, and my spouse inherit2s my 401K and my IRA. Can my spouse use the money without penalty. If I die, and my spouse inherit2s my 401K and my IRA. Can my spouse use the money without penalty. Or, do the inherited accounts still behave like an IRA/401K for my spouse (including penalties for early withdrawal)? submitted by /u/vshawk2

Am I just dumb or is rolling over a 401K as stupidly clunky as it’s looking? I just want to consolidate accounts so I stop having 4 different 401K accounts laying around. I’m logged into both Fidelity and my new 401K Empower. While Empower has tons of articles about how great “Roll in services” are, there’s no freaking link to do it lol. Fidelity doesn’t appear to let me move money out without calling them? Here are your…

My previous employer sent me a check for my 401k they withdrew and I’m overwhelmed and confused I recently found got the letter in the mail and it’s not much but there were no instructions with it. Just the amount of the check and a break down of any deductions. No one I know, knows what to do with this. I’ve read on this subreddit and elsewhere that basically cashing it would be a headache when it comes to filing and there being a penalty…

My 401K was randomly withdrawn Long story short, I quit a job in January that I worked at for a little over a year. I had invested about $4,400 in that companies 401K program. I did not think that I would need to do anything with that money until I started a new job, then I was going to transfer that 401K balance into a new 401K. I randomly received an email from Fidelity (my…

Left company 1.5 years ago, still have full 401k I left a company about 1.75 years ago, and moved my 401k over to fidelity. I keep track of my 401k balances, and I’ve been waiting for them to take back the portion of that account that wasn’t vested. How long does a company have/usually take to remove the unvested portion of your account? submitted by /u/jlandry287