FAQs tagged as


  1. Are 401(k) loans taxed?

  2. What are the differences between a 401K and an IRA?

  3. How do I retire?

  4. How do you plan for retirement if you have multiple employers? Can you combine retirement plans from multiple employers?

  5. I have a 403(b) from a old employer. I would like to convert it to a 401(k). How can I do that?

  6. What happens during the consolidation phase of an investor's life cycle?

  7. What is the difference between qualified and non-qualified plans?

  8. How do 401(k) loans work?

  9. I have a profit-sharing plan with my former employer. I am now trying to buy a home. Can I use my profit-sharing money to put a down payment on a house?

  10. How does an employer benefit from a 401(k) matching plan?

  11. What are the pros/cons of naming a trust as the beneficiary of a retirement account?

  12. Which of the following accounts does ERISA cover?

  13. What is the "three-legged stool"?

  14. Which statement(s) is/are FALSE about market risk?

  15. Why should I invest in the market when I can buy and sell houses or cars?

  16. Do I still have to pay penalties and taxes on money that I don't roll over from a DROP fund?

  17. We are in a 401(k) at work. Can we also do a Roth each year? If we can, can it also be deducted from our taxes?

  18. Am I entitled to any of my ex-spouse's retirement plan benefits?

  19. What are some of the features and benefits of SEP IRAs and Roth IRAs?

  20. I make over $100,000/yr and my adjusted gross income precludes standard IRA contributions. My contributions to my 401(k) plan at work are limited to about $7,000/yr. It seems I'm being penalized for my income. Are there other retirement savings options av

  21. I have a small business (LLC), which I operate part-time. I also work full time for a company and am enrolled in a 401(k) plan. Am I still eligible to make contributions to an individual 401(k) from earnings of my part-time LLC?

  22. I do not want to totally get out of my retirement 401(k), but I want to take 72(t) distributions. What should I consider?

  23. What is the best retirement plan option for a physician with her own practice, employees and a desire to fund her retirement without making things complicated? She'd like to avoid plans that rely on a stringent income test or require all employees to part

  24. Can a creditor seize my retirement savings?

  25. My company is the trustee of our 401k plan (which has 112 participants). What are the pros and cons of having the company instead of the plan provider/vendor as the trustee?

  26. Can an employer adopt a different type of retirement plan for each employee?

  27. I failed to distribute an inherited 401(k) that was found in an audit. What happens now?

  28. My old company offers a 401(k) plan and my new employer only offers a 403(b) plan. Can I roll over the money in the 401(k) plan to this new 403(b) plan?

  29. I own a small business. Can the SBO-401(k) work for me?

  30. What types of plans allow catch-up contributions?

  31. The company I am working for said that 401(k) contribution can be based on only straight time pay! The company I previously worked for allowed me to contribute on gross earnings. Has the law changed, or is the current employer wrong?

  32. My company has three partners but plans to hire more this year. Would we be better off with an SBO-401(k) or a SIMPLE IRA?

  33. What effect will a prenuptial agreement have on a 401(k)?

  34. Does participation in a 401(k) plan prevent an individual from contributing to a Traditional IRA?

  35. I am 61 years old and would like to contribute to my employer's 401(k) plan. Is there an age limit?

  36. I want to close my IRA account. What percentage will I lose to tax?

  37. Can you have a 403(b) and also contribute to a 401(k)?

  38. Who bears the investment risk in 401(k) plans?

  39. Are the distribution rules for 401(k) and 403(b) plans the same as those for IRA plans?

  40. Can I roll my 403(b) and 457 into other low-cost venders when I change jobs?

  41. What is the difference between a ROTH, SEP and Traditional IRA?

  42. I'm a teacher. Which is better for me, a 401(k) or 403(b)? What is the difference? From whom do I get these plans?

  43. I am a first-time home buyer. If I take a distribution from my 401(k) to purchase land and a house, will I have to pay a penalty on this distribution? Also, what kind of form will I need to file with my taxes, showing the IRS that $10,000 went toward a ho

  44. I have just been laid off. Can I use my 401(k) for living expenses now and report it as income next year?

  45. I've heard that workers who don't roll over their 401(k)s after retiring face some problems related to estate planning. I was told it was some type of final 2002 government regulation. Is this true?

  46. If a company undergoes an acquisition can an employee withdraw 401(k) funds tax free?

  47. What kinds of investments are allowed in a qualified retirement plan, and what kinds are forbidden?

  48. My husband has a 401(k) account which is 100% vested with an $8,000 balance. We are in foreclosure and need a hardship withdrawal. The investment management company which handles my husband's account says we can't withdraw anything because we have not con

  49. Can I contribute to my company-sponsored 401(k) after the company's year-end but before its tax-filing date?

  50. I am in my mid thirties and have nothing invested for retirement. Is it too late to start contributing for a retirement plan?

  51. I'm having trouble getting my former employer to distribute my 401(k) plan balance to a rollover. Can you tell me the reasons why an employer might delay distributions and if there is a government agency I could contact to encourage the distribution?

  52. I am rolling my 401(k) into an IRA. After a year, can I convert this amount to a Roth IRA tax free?

  53. I am 52 years old and wish to make a withdrawal from my 401(k) plan. Is there any way I can avoid having to pay additional tax on the grounds of hardship - e.g. unemployment?

  54. Do I need to hit my 401(k) contribution limit before I can begin making catch-up contributions?

  55. Can I roll my 401(k) and/or IRA funds into a more liquid investment fund without penalty?

  56. If I participate in my company’s SIMPLE IRA plan, can I also contribute to another IRA in order to receive a larger tax deduction?

  57. How do I get credit for my retirement plan contributions?

  58. I understand that I can withdraw from a 401k the year I turn 55 without the 10% penalty (IRS 575). Can I do the same thing with an IRA without the 10% penalty?

  59. My husband has become eligible for a 401(k) plan (with no matching contribution) at work. How do we get back the $9,000 that we already contributed to our IRA for 2005 without a penalty? My husband earns $144,000/year and we're both over 50 years old.

  60. Can I contribute to both a 401(k) and an IRA?

  61. I overcontributed to my 401(k). What are my options?

  62. How do I sign up for the saver's tax credit?

  63. If there are two plans and one is terminated, creating a distributable event, can loans in the terminated plan be rolled over?

  64. How do I "vest" something?

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