All Questions
Tagged with retirement-plan ira
20
questions
12
votes
5
answers
9k
views
My employers "401(k) contribution" is cash, not an actual retirement account. What are my options?
I just took a job that I like, and the line in the offer letter turns out to be misleading (I think through inexperience, not manipulation).
This is it:
You will eligible to receive a 401(k) match of ...
- 345
9
votes
4
answers
2k
views
Am I really required to set up an Inherited IRA?
Due to death of a parent, I am beneficiary to a defined contribution employer retirement plan of type 403(b). The assets are pre-tax, a dozen or so mutual funds with names like "Stock Index Fund&...
- 245
1
vote
2
answers
124
views
Is 401(k) plan without any matching like an IRA?
I might take a software contracting job, and the agency has a 401(k) plan, but just 0% matching.
But it seems a little bit weird: what does it mean, is it a way for us to put more money in than an IRA ...
- 1,013
1
vote
1
answer
295
views
What is a Mega Backdoor Roth IRA?
The so-called "Mega Backdoor Roth IRA" was coined in the following article in 2014:
I don’t hear about new ideas very often, but here is one that a few people might find very useful. I call it the “...
- 131
1
vote
2
answers
149
views
basic retirement planning for someone middle-aged
I'm in my early 40s and haven't done anything for retirement yet. I do own some property which I plan to sell later this year, and I'm planning to use the proceeds to plan for retirement. The proceeds ...
- 11
3
votes
1
answer
135
views
What are the limitations on rollovers to an IRA?
My friend wants to consolidate his various retirement account accumulated over the past 20-30 years to make it easier to manage/track his retirement savings. He doesn't recall immediately all the ...
- 9,533
1
vote
2
answers
267
views
If your 401(k) doesn't match contributions, should you max out your IRA contributions before contributing to it?
I've seen described three main advantages of 401(k)'s over IRAs:
Employers often match 401(k) contributions.
If your employer offers a 401(k), then the deductability of contributions to a traditional ...
- 888
8
votes
2
answers
1k
views
Within the same calendar year: Current job does not offer a 401k. So I contributed to an IRA. Future job does. Can I still contribute to the new 401k?
Current job does not offer a 401k account. So I contributed yearly maximum to a Traditional IRA. My new job does offer a 401k plan. Can I still contribute to the new 401k for the year?
- 582
15
votes
11
answers
8k
views
I am failing to see the purpose of a Traditional IRA for someone who already has access to a 401(k)
If I understand correctly, the Traditional IRA, if you have 401k with an employer already, has the following features per IRS:
Your contributions are taxed
Your contributions are NOT taxed upon ...
- 3,817
33
votes
5
answers
9k
views
Why is half of your IRA Required Minimum Distribution forfeited if you do not make minumum withdrawals by 70.5 years of age?
I do not understand this rule: "IRA confiscates half of your account if you do not make your withdrawals by 70.5 years of age".
Why? What does it mean to make withdrawals? Just to request your money ...
- 693
1
vote
3
answers
459
views
Small withdrawals from IRA
This is my first posting to this forum.
Throughout the years I put a lot of my pre-tax income into my 401(k) (before I got married). Last year my company was sold so I rolled my 401(k) into a ...
- 11
1
vote
2
answers
195
views
401k and IRA withdrawal, current tax bracket, or do the amounts increase your tax bracket
I read that 401k and IRA withdrawals are taxed at "your current tax bracket", as in the highest tax amount you pay in progressive income tax.
So for an illustrative example, if you are in the 10% tax ...
- 20.2k
2
votes
5
answers
362
views
Are there any recognized retirement plans / IRA accounts that also allow me to trade in stocks/options
The company that I work for was recently acquired by a much larger company. One consequence of this is that my company decided to discontinue their 401k plan and move us all to the larger company's ...
user25276
1
vote
1
answer
149
views
Pension Investing dilemma
I'm 61 years old, recently retired and need to decide how to take my pension from my former employer's pension fund.
This is a church-affiliated hospital system pension fund in the USA and is ...
0
votes
1
answer
162
views
Options for retirement investing if no company 401K available
Due to some unexpected circumstances and poor planning in 2014 neither my wife nor I have been able to contribute to a company run 401K plan.
My employer does not offer a retirement plan benefit yet (...
- 185