how much will I owe in taxes on 4000.00 401k distriubtion?

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Answered: After tax money in 401K Withdrawal

Wow I am shcoked that Jennifer Stokes, Licensed CPA did not know that contributions to a 401K plan can be either pre or post-tax. I am a physician with a private practice. I offer my employees a 401K (and I participate in the plan myself). All of my contributions (i.e. $16,500 a year) are post-tax ...

Answered: 401k withdraw

i was laid off from the company and is currently facing financial hardship i want to withdrawl all of my money immediately

Answered: After paying into a employees sponsered 401k plan ...

First you said you withdrew your complete account. Now you are asking about other investments. It makes no sense. Talk to your financial officer at work. We have no way of knowing how your company runs or what the rules are. Ask the people who know. What benefits are you entitled to? How can ...

Answered: Cashing 401K and taxes

Your down payment on a house is not a deductible item on your tax return. When you withdrew your money from your 401(K), there was a certain amount withheld from that distribution toward the taxes you will owe. But it may not be enough to cover all the income taxes and the 10% penalty, so you ...

Answered: Are 401k Loans a Good Idea?

If you are looking for a way to borrow money 401K loan is a good option but it has some drawbacks. You cannot contribute until you repay Your take home pay gets reduced Harsh penalties for non-payment

Answered: What is a 401k IRA Rollover?

A 401k rollover is where you the participant move your account value/assets to an IRA (typically). IRAs are the catchall for contribution plans such as 401k and defined benefit plans such as pensions.
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401K after 59.5

You can roll your 401K over to an IRA and I would. You will always have to pay taxes you do not have to pay penalties after 59.5. http://hubpages.com/hub/Roll-your-401K-over-to-an-IRA

Which is a better investment: a Roth IRA or a 401(k)?

As a small business owner who recently went through finding a retirement plan for my employees I also had to consider the ira versus 401k debate. To add on to what was mentioned earlier one of the main differences in the two retirement plans is who makes the decisions regarding the plan. I set up a ...

401k

I would refer to the divorce decree as a good starting point. How long has it been since you give your 401K blance over to her? What expenses do you still share with your ex?

Employer holding 401k funds I contributed.

It's the law they have 60 days. To learn more go to http://www.myrealestateira.com