My employers 401k contributions aren’t automatically vested after company shut down? I worked for a company that went under back in 2022 of November and I just found out none of the employer contributions are vested. Is that legal? Feels bad I went down with the ship and they won’t honor their contributions submitted by /u/MisterRagman

My employer 401k plan now allows for after-tax contributions, but I can’t roll it into a Roth. Why would I want to do it? My understanding is that if you can roll after-tax 401k contributions into a Roth IRA via a mega back door, then that’s great. However, my employer account doesn’t allow for this (via in-service distributions or conversions). So, my main question is: What are the benefits of contributing after-tax $ to a 401k? I am already maxing out my pre-tax …

New job, what to do with 401k? I’m starting a new job that uses John Hancock for their 401k service. I currently have a 401k through Fidelity with the employer that I’m leaving. I’m wondering if I should a) transfer my 401k over to John Hancock, or b) turn the Fidelity 401k into a rollover IRA and start a new 401k with John Hancock. I also have a Roth IRA with Fidelity, but I…

Any reason not to roll over a 401k I have 3 401k accounts from 3 different employers, and 1 retirement account not through an employer. The first employer account has good funds with low expense ratios. The second employer account doesn’t seem good at all. Never heard of the funds, and the expense ratios are bad. I don’t like the app/interface. The third employer account is my cu…

401k: 50% employer match up to 10% of yearly salary meaning My new employer contributes 50% of my contribution, up to 10% of my salary. Can someone give me a mathematical example of this? I have a credit card to pay off before I start contributing to retirement, but I’d like to know how this works. And how much should I be contributing per paycheck? My fiancé says 10% minimum, but I’ve heard people say…

Former employer won’t release my 401k Hi there everyone. I find myself in a but of a pickle, also I am on mobile so apologies in advance for any spelling errors or formatting issues. I was let go from my previous employer on Feb 29. About a month later I found a new job. My 401k which has 60k in it needs to into my new account with my new job. Simple right? The former employer sends…

Saving to buy a house in the next 3-4 years: Is it better to put money into Solo 401k, or my regularly taxable brokerage account? I’m wondering what the most tax efficient way to do this is — I know that I’ll be taking out around ~$150,000 from my accounts to buy a 20% down payment in the next 3-4 years, but I’m wondering if it’s more tax efficient to get up to 100,000 in my brokerage account, PLUS 100,000 in my Solo 401k so I can take out a 50,000 401k loan… or if it’s be…

What to do with my old 401k? I am a 25 year old, just got a new job offer which I accepted. This will be a huge 30% pay jump to 68k a year. I have my previous traditional pre tax 401k with my old employer valued around 5.5 K they match 8.5%. But the vested amount is only 3.5K. The new employer is through Fidelity and does 10% match. I have a Roth IRA through Fidelity as wel…

Should I reduce my percentage of investment in my 401k currently at 8% temporarily to have cash to pay off some lingering debt? Should I reduce my percentage of investment in my 401k currently at 8% temporarily to have cash to pay off some lingering debt? Currently investing 8% from my paycheck towards my 401(k). It’s about $1100 a month. My company matches up to 3% and I’m fully vested. I have about $16,000 left in a personal loan debt 6%. I like to have the cash to jus…

Have a 401k which invests in S&P 500 – is it redundant to regularly invest in VOO ETF Being that my 401k already has a percentage in S&P 500, does it make sense to purchase VOO on a biweekly basis as well? submitted by /u/imabuffoon

Should I contribute to 401k? Stupid question but I know everyone says to contribute to your 401k, especially if there is a match, but is it still worth it if I’m not sure about how long I’d be staying at the company? My employer offers a 401k with a match up to 4% of my pay. I’ve been working at my employer for 9ish months but I’m not sure how much longer I’d be with them s…

Contribute to 401k while in high tax state, convert to Roth IRA when in no income tax state? As the title says, is this a possible tax strategy? Say you have a high income job in NYC. Can you contribute to a 401k, so you don’t pay state taxes on that, and then roll it over to a ROTH IRA if you move to FL, TX, (or any other no income tax state) and save on not paying the state income tax? I know there’s other things involved like you can…

Contribute to 401k and Roth IRA Hi all, I know Roth IRA contributions is limited by earned income/$7000(2024) whichever is lower. Maybe a silly question but if you earn $7000 could you contribute all of it to your Roth and some to a 401k? Do the 401k and Roth contributions affect each other ? submitted by /u/Stephvann

Roth 401k or Trad to start career? Currently starting my career and the pay is 86k to start so the tax is 22%. The career pay moves pretty fast and 100k -110k is the norm within 2-3 years. Is it better for me to just do traditional now or do a roth 401k and switch to trad when I make alot more? submitted by /u/YuriHaThicc

Please help with 401k Hey everyone, first time poster just got a new job and after reviewing there 401k would like a little assistance. Little background I am 27 and max a Roth IRA every year and currently invest the leftovers in an individual account. I am able to max my IRA and max a 401k, just want to make sure I choose the right funds or if it’s even worth it wit…

Keep my old 401K or roll it into new company plan? I have approximately $29K in my old company’s 401K plan. From my understanding I can either keep it there indefinitely without making any additional contributions or I can roll it into my new company’s 401K plan. Any pros/cons I should be aware of for either option? I’m 27 if that matters, which, as I’ve read might be important for consideration…

Those with a 401k, how much does your company match? Mine only matches 1.7% of my contributions, and I feel that’s incredibly low. I work in logistics for reference. I’ve been contributing for 4 years to my account and only have $15k in it because I was contributing only 3% for awhile submitted by /u/ChanceExperience177

Is it that important to roll over my old 401k to my new employers plan? Does the compound interest still accrue the same in separate accounts? In my previous employers account I have $29k, and my current employers 401k I have 48k (I know I’m very behind at 30 years old) Thanks submitted by /u/cynnie93

Traditional vs Roth 401k for Employer Match Will my employer match more money if I select traditional vs roth 401k? I understand that I’ll end up paying the taxes regardless for traditional, but at least initially, is this how it works? submitted by /u/SaltyAmphibian1

Recent grad contributing to traditional 401k. Should I also contribute to a Roth 401k? I’m 21 years old and just started a job making 75k a year. My employer offers a 401k match of 50% up to 7% and I am currently contributing 10% in a traditional. I have a Roth IRA and have been maxing it out for the last couple of years and will also max it out this year. Because I am a recent college grad and started my full time job at the begi…