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: What does M.E.R. stand for? in regards to 401k ira's

I think M.E.R. is the Median Expected Return; that is, in half the years it will exceed that return, and in the other half it will be less (even negative). One problem is that if it returns 10% for 4 years and -40% in the 5th year, the median of 10% will vastly overstate the average return.

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
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401K after 65

You can postpone withdrawal until 70 1/2 see http://www.myrealestateira.com for more information

401-K

Hi Vicki, Your son has every right to ask the administrator or the benefits manager for a copy of the plan summary document. That document governs how the employer and the administrator conduct themselves. If you need help interpreting the document give us a call. Dan

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

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?