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

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Explore the latest questions and answers related to "how much will I owe in taxes on 4000.00 401k distriubtion?"

Answered: I receive benefits from SS disability, such as free medicare A,B,D does a

Only if the amount of the withdrawal is more than the SSDI limits. You'll have to check with Social Security to find the limits. It would be far better, anyway, to check your plans with them to find out what you can and cannot do. They're pretty fair, I wouldn't fret too much about it. Just make ...

Answered: Where does catch up 401k contributions appear on a tax return

They don't. They appear on your W-2 in box 12. You will note that the amount in box 1 is less than box 5. The amount in box 1 is calculated by subtracting your contributions from your gross wages in box 5. You do not pay income tax on your 401k contributions, nor do you subtract them on line 32 ...

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 ...
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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.

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