All Questions
Tagged with retirement-plan united-states
175
questions
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46
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Received a 2023 W-2 from a former employer with retirement Plan box checked
I switched jobs in Nov. 2022. The former employer provided 401(K), and the new employer (a small firm) required 1 year waiting period for 401(K) plan participation and can only enroll in January and ...
15
votes
5
answers
4k
views
What professional should I seek out to get financial advice on how to make ends meet with my current budget, expenses, and retirement accounts?
What professional should I seek out to get financial advice on how to make ends meet with my current budget, expenses, and retirement accounts?
My situation is that life is hitting us hard and fast:
...
- 303
0
votes
1
answer
129
views
Why have I paid more in fees than the published expense ratio would account for?
Via my employer's retirement plan, I have some money invested in a fund with an advertised expense ratio of "($0.13 per $1,000) 0.013%". (This is listed as both the gross and net expense ...
- 143
2
votes
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answers
72
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457(b) withdrawal limits?
I have a 457(b) from a state (Minnesota) employer which allows me to withdraw money from it in either regular monthly amounts or via 1-time withdrawals.
Years ago (5-7?) I was told that once I start ...
- 121
12
votes
5
answers
9k
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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
4
votes
1
answer
1k
views
Using a trust vs stocks to purchase land
I plan to purchase land to build a new home within the next year. I am receiving an inheritance in the form of a trust account; the account is in my name and I am also the trustee. I had planned to ...
- 359
3
votes
2
answers
598
views
Can I regularly direct funds to a different retirement account?
I don't like my company's retirement plan sponsor. I feel their array of investment options are quite poor (poor because they don't have many options, their expense fees are high, and they don't offer ...
- 131
4
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3
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4k
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Setting up an SEP-IRA for my single member LLC (taxed as an S-Corp)
I've set up a single member LLC (taxed as an S-Corp) for my self-employment work. I'm hoping to have the S-corp contribute some of my salary to an SEP-IRA which, as I understand it, means the S-corp ...
- 141
27
votes
2
answers
7k
views
Saving for retirement... starting at 68 years old
It may sound like a joke, but it is not. I imagine I am not the only one in this situation. I guess.
Here is what I have going on. I am a "one man show" self employed carpenter. It took many ...
- 407
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
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votes
2
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672
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Can I treat a SEP contribution made in 2021 as partly for 2020 and partly for 2021?
I recently discovered I miscalculated my max contribution to my SEP for 2019 and 2020 so I MAY have excess contributions in 2019 and 2020. See What is the contribution limit for self-employed person ...
- 423
0
votes
1
answer
105
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Is it beneficial to take U.S. Social Security money later? [duplicate]
I noticed if I take money out starting age 60, at $N, or if at age 70, at $M. $M is close to double the amount of $N.
Is it more advantageous if I take money out later? What life expectancy age do ...
- 1,013
5
votes
1
answer
273
views
"High Income Earner" savings / investment options
After 7 years in my profession, I'm finally in a high paying position. I was reminded recently that I needed to be "accumulating wealth", which got me to reading articles. One of the things ...
- 173
4
votes
1
answer
49
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Does Contributions To A Simple 401K Plan Count Toward The Yearly "Normal" 401K Contribution Limit?
I work two jobs and have a "normal" 401K plan from one of the two jobs. The contribution ceiling for a "normal" 401K plan in 2021 is $19,500. I know that contributing to a SEP ...
- 661
3
votes
1
answer
297
views
I contributed to my and my spouse's Roth IRA when she was unemployed. Now she has a job and we will exceed the income limit. What to do?
Back in January 2021, my spouse was unemployed and our joint income for 2021 was (expected to be) less than $198,000. Thanks to that, I contributed $6,000 to my own Roth IRA and
$6,000 to the Spousal ...
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