401k Help (just started working) I just started working a corporate job and need some help/guidance. I have asked my HR department and I can not get straightforward answers. Some background on me: Salary: $95k $20k in an individual investment account $16k in a Roth IRA $18k in a high-yield savings account Living at home with minor expenses (groceries, gas, health/car insurance)…

Rollover 401k into 457b, 403b, 401a, or Roth IRA? I am a dummy when it comes to retirement accounts. I am sure this question has been asked and I’ve tried googling it, but I’m struggling with information overload. I have a 401k from a former employer that I would like to rollover. New employer offers 457b, 403b, and 401a. No 401k. Which one should I roll over the funds into? I technically can’t…

Worth keeping pt job for 401k? I recently switched careers to teaching. I will get a pension after 20 years. I’m 45 so will probably retire at 65. My 401k from my previous career has 94k. I know that’s low…I got a late start. The company matches 5%. I’m now working that job (at a much reduced hourly rate in a different position) here and there during the school year, and ab…

I need help choosing the 401k as an international student who will leave the US in some years. Roth vs Traditional 401k Plan for Foreign Student (who will leave the US in 5 years) Hi! So I’ve just graduated from my Master’s and I’ve started a finance job in the NYC, and I need to choose a 401K Plan. My company will be matching up to 200% of my contributions per year up to $23,000. My question is whether to pick a traditional or a Roth 401…

Employer does not match 401k contributions, what are my other options to save for retirement? Some background info, I am 26 and have $17,000 in a Roth IRA. I plan to max it out as much as possible. My employer only offers a pension for employees who work there for longer than 10 years. I am enrolled in a hybrid plan where I contribute 4% to the 401k plus another 4% to the pension plan. I don’t even know what funds they are being put into…

Should I stop 401K/HSA contributions to re-balance my taxable account? Really bad planning, but I have a large taxable portfolio (7 figures) which I’m pulling the dividends and interest for living expenses My retirement accounts are under $100,000 combined (so very small percentage) I also make cash flow from my FT job, that also goes towards my living expenses, AND because I am now maxxing out my 401K/HSA (about $…

Started new job that matches 15% of what I put in a 401k account Hello I’m 21f, I started a new job making about $2 over minimum wage currently. My job offers a 401k and I am planning on doing it (meeting with the broker tomorrow) I was wondering what I should do exactly how much I should put in etc without making me totally broke/what should I know before the meeting. I get paid biweekly, I share a place wit…

Wife’s 401k fund options have large fees and underperform the market. How to mitigate? I’ve been investing for several decades where my strategy has been to simply buy the market and keep accumulating – primarily the S&P500 and Nasdaq. This has worked extremely well for me. The issue is, my wife recently took on a new job at a small firm where the 401k only offers mutual funds that significantly underperform the S&P500 and have la…

Opinion on Roth vs traditional 401k Hello, I am just starting my first full time job post college graduation and am trying to set up my 401k. I understand the tax differences and advantages/disadvantages mathematically between trad/Roth, but what are y’all’s opinions on it? I have an IRA already that’s Roth, is it best to do my 401k as Roth as well because it seems better mathemat…

401k 55 year old rule So I just got laid off from a job: I’m 44 and have about $900k in my retirement and my wife has about $850k in retirement. Mine is about 50/40/10 (former employer 401k, IRA, and Roth IRA) my wife’s is about 80/20 (most in her current 401k). My question: I keep reading that you can withdrawal at 55 penalty free from your last 401k. So is it fool…

How does one calculate contribution % to max 401k when salary changes in the middle of the year? I’ve tried using calculators but they all ask for gross annual pay and bonus and the year of contribution. But I don’t know which salary I should use because mine changes at around March/April and some bonus. Also, should I enter pre-tax salary and bonus or what I actually received? So how does one calculate % of paycheck to contribute to ensure…

Early 401k Withdrawal to Help with downpayment Hi, 26 year old from NJ here want to make sure I am understanding my early 401k withdrawal request correctly. I worked at a company for about 3 years and totaled $10,771 in my 401k over the 3 years. I have Recently moved jobs and are making much more and they have a 5% 401k match!(I’m putting 8% and they are matching 5, so 13% total) To state th…

Is it safe to have 401k and ira account at same brokerage firm? I and my wife have 401k at one of the biggest firms(which is not in our control as emplyer gives no other options). Also she has her IRA at that firm. I am planning to open IRA account for me. Was just afraid to put all our retirement money in single firm. Can you please advise if i can still have all at same place or should I explore other opti…

Summer internship: to 401k or not to 401k I’m not very financially well-educated so I apologize for any misunderstandings! I started my summer internship recently and will start receiving paychecks soon. I was surprised to find out that my company actually offers 401k for interns, but they don’t get things like employer matching; from my (very limited) understanding, that’s one of the p…

Roll 401k over or cash out? Hi, let me start with a little bit of context I currently make about 160k between 2 jobs. One being full time and another being part time. My main job has a 401k and I also contribute to a Roth IRA as well as my partner. We rent and currently want to start saving for a house to purchase within the next 2 years. My partner is quitting her job to…

Is it better to max out 401K or continue investing ? Hello, my husband and I are both 28 years old and together we earn $210,000 annually. Over the past 3 years, we’ve paid off $90,000 in student loans and are close to settling a $45,000 car loan (with $15,000 remaining, expected to be paid off by year’s end). Currently, we have $15,000 in savings and an investment portfolio valued at $100,000, co…

Estate in probate: assets from 401k and brokerage accounts. How do taxes work? submitted by /u/King-Koz3

Thinking of dropping 401k contributions below company max match Edit: Age – 25 My company requires you to be employed 3 years to be fully vested in the 401k to receive their match. I have around $19k total so far, and I’m reaching 2 years in a month and contributing 6% of 85k. I’m not sure I can make it 1 more year at this job, so I’m preparing to job hunt. The job keeps changing and getting worse. My ment…

Old employer sent me my 401k My old employer sent me my 401k in the form of a check. I’m 25. It was only like 100 something dollars. My mom said to cash it, so I did- but now I’m nervous something bad is going to happen?! I read you can get 10% taxed or something. I don’t have a Roth IRA or any other type of savings investment. I just put the money in savings and don’t plan…

Max out 401k vs. Save for house? Hello everyone! I’m currently a single 25 y/o making $80k a year. Here is my current situation: Zero student loan debt My truck is fully paid off 4 month emergency fund Maxed out Roth IRA for 2024 w/ my job bonus (All in VTSAX) Currently contributing 10% to a Roth 401k with a 4% employer match (All in VT) My question is: should I contribute ev…