401k Questions

401k questions?
I am currently 22 years old. I put about $100 into my 401k every other week. I plan on contributing more in the future but for now I am just doing $100. My employer matches 50%. I have 2 questions. 1.) If I were to continue for the next 40 years at $100 every 2 weeks how much would I have in my account after 40 years. 2.) When is the earliest I can withdrawl funds from my 401k without being penalized....

reinkefj:Dear Ms. "melissa126978": (1) It depends. "How much" depend on measured how? (100$ yours + 50$ employer) * 26 weeks * 40 years = 156k$ BUT, you really have to figure rate of return on investments and inflation. Which requires some guess work. Rate of Return is because you are just not going to p... More...

Who can I go to for help and questions regarding my 401k program?
I'm 27 and have started investing in my 401k heavily since 3 years ago. However, I have so many questions, it's not even funny...from basic understanding on how it works, picking the right investment options, obtaining the highest rate of return possible, frequent trading, are blended funds better than individual, etc, etc, etc. I don't think my human resources department would be of benefit either. Who should I talk to? Thanks....

jeff410:The company that handles your 401k should have representatives that can explain things to you.... More...

Questions on moving 401K to Roth IRA CD and taxes?
I moved some money last year from a 401k funds to a Roth IRA CD at a bank. However, I am wondering how this works for tax purposes. I did make a little interest on it. However, it was less than 200$. How does this work for tax reasons? Is the whole amount taxable, the interest, or none at all?...

tro:depends on the type of Roth-- the tax free Roth you would have had to pay the tax on the amount you converted if it is a reg IRA, the same type as your 401 K, the interest accrues and you pay when you take distribution... More...

Employee matching 401k questions?
Hello, I just turned 21 and got a part time job. The company I am working for is offering a 401k that they will match for the first 3% contributed, 50% on the next 2%. My question is...would this be worth my wild? im new to this whole retirement thing so any advice would be great thank you....

another nickname:First of all, and not to be a jerk, but the phrase is "worth my while," not "wild." But yes, it is absolutely worth your while. Think of just the "match" part for a moment. If they are going to "match" your contributions, that is the same as them giving you a raise. You don't contribute, they don't... More...

401k question: is your employer required to give you an information packet detailing the information?
I started the 401k with my employer about 6 months ago. I have had questions about it though so I've been asking my employer for something detailing all the info. I have asked several times and received nothing. The 401k is set up through a third party company, but on their website under "detailed information about your plan" it refers me to my employer. I keep asking and asking but getting nothing. I initially just wanted to know how long the vesting period is (which I now know) but I don't see...

STEVEN F:By law you are entitled to copies of the legal documents that set up the plan. Most people would not be able to read them. Did the website for the company that administers the plan have a phone number? You could try calling them and asking for help.... More...

401K questions from a young and confused person?
Okay so this is an area I know pretty much nothing about so I will probably need lots of guidance..... I will start off by saying that I'm young(22) and while keeping the future in mind is not a bad idea, things like paying off the credit card balance I accrued during college before my student loan grace period is over, is a much higher priority than planning my retirement. Not an attitude I want to continue but for this first year I'm on my own I think that might be ok to let slide. (Just this...

Jessica:No, you don't sound like a moron. When it comes to your financial future, ignorance is not bliss so good for you!! A) If you are at the job with the 401k and want to withdraw a loan and you then LOSE your job or QUIT then you will have 60 days to repay the loan in full. Overall, reputable finanial ... More...

a few 401k questions?
ok so i know what a 401k is but i have a few questions so lets say ur job gives u a 401k then u quit do u still keep the money they gave u?? also if u quit do u have to start another 401k and do u have to have a job to have a 401k and when can u take out the money for a 401k ?? also anyother info would be appresiated...

jeff410:If you're vested with the company you work for you get to keep all the money. If you're not vested you get to keep your contributions and the earnings from them. But not what the company contributed, if any, and the earnings from that. You can roll your 401k over from one employer to another. Or... More...

Company threatening Termination because of 401k questions?
I am going to try to break the drama down as shortly as possible. My husband has a 401k and he is 100% vested in a plan that allows loans. In April we filled out a loan application and he was told "no: by the owner because the owner felt he was looking for a new job. We filled out another loan application on July 9th. During these 22 days we have been told that he can get the loan but they will turn over the paperwork when they feel like it, he was also told if he asked about the loan or anyone ...

jefe96us:It's not an SEC as someone else said. The SEC doesn't do anything with 401k plans unless there is company stock involved. You need to contact the US Department of Labor. They enforce the rules of ERISA (Employee Retirement Income Security Act) which governs how 401k plans operate. The employer c... More...

Roth IRA and 401k questions?
I have learned a bit about the stock market in my economics class and since I just turned 18, I am planning to eventually open a Roth IRA account with Scott Trade. I will be taking Economic college courses in the spring, so would investing in spiders be a good idea until I become more knowledgeble and be more comfortable in deciding which stocks to invest in? My Teacher had called Spiders "The idiot proof way to make money" I have read up that mututal funds have larger fees and that Spiders a...

WHAT:A 401k is only offered by a company you work for. If you invest in a 401k, your company has set this up with an investment company. Many companies will offer you a match if you first put in a required amount, and then some do not. So the normal employer may offer to match funds you put in up to 6... More...

What kinds of questions should I ask a 401k salesperson that is coming to my job?
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nucleusone:I would ask what the company match is and how long it takes to become vested (number of years you have to stay at job before you have 100% company contribution). Fees (as I see discussed) are important, but some actually charge you a fee just to purchase funds (even if it is a traditional no load... More...

What specific questions should I consider when selecting a company to do a roll-over of my 401k?
I have been looking at various companies (Vanguard, Fidelity etc..) but I don't know how to make a decision. What specific question should I be asking? Thanks!!...

Daddy Paul:Where you invest your money will depend on how much you have to invest. If your 401K is with a large fund house such as Fidelity or Vanguard they may have a no fee option for you depending how much money you have. Institutions are generally very helpful in rolling the money over to an IRA. If you ha... More...

Rollover 401k questions.?
I have a pre tax 401k through my employer that has very little funds to choose from and also has high expense ratios for each of the funds. I want to roll it over to Vanguard into a form of a traditional ira and take advantage of the vast amount of funds and low expenses. My plan only allows me to rollover once a year. My question is if I were to go through with this would I want to keep my funds with my current employer diversified as they are now which is very aggressive with about...

cainvest1:Most plans do not allow you to rollover from a 401k plan into an IRA until you leave the firm. Talk to your HR department and ask why they have funds with high expense ratios. Suggest they add a self-directed brokerage option so you could choose your own funds.... More...

Borrowing from 401k Questions?
So if my employer contributes .50cents for every dollar, then if i put $10,000 of pretax dollars i will have 15,000$. 1. Now if i take a loan on it i believe i can borrow 1/2 which is 7,500$ correct? 2. So if i decide to take out the entire 15,000$, I would get normal tax + penalties. How much of the 15,000$ would i still have?...

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401k rollover questions?
I have the following retirement accounts; Traditional, Roth, SEP IRA, as well as 401k account from my previous employer. My question is; 1. If I rollover my 401K to SEP-IRA, can I still contribute 20% of my self-employment income to SEP-IRA? (Does my rollover counts towards this limit?) Also, if I do the roll-over, can I deduct the roll-over amount when I file my taxes next year? 2. What if I roll-over my traditional IRA to SEP-IRA? Please let me know. Thanks!...

digdowndeepnseattle:rollovers do not count as contributions. they are transfers. You can't deduct them no matter what you do. Only thing that happens is that you declare them on your 1040 (line 16a) and then declare them to be non-taxable on 1040 (line 16b). At that point the govt computers scan the databasefor rol... More...

401K question and taking a loan out of your 401K?
When you take out a loan from your 401k and they want you to pay it back, it is added interest, Does the interest go into your bank account or do the 401 K people make that money? And why do we have to pay back that money?...

roadrunner426440:the interest goes into your 401K You have to pay the money back because otherwise it is a taxable withdrawal remember if you have a loan and then lose your job you have a very short fixed period to pay it back in full or it is viewed as a withdrawal Caution is advised here... More...

401k questions (HELP)?
I would prefer that only those completely knowledgeable about 401k's answer this, and please, don't say we're stupid for thinking about doing what we need to do. OK, hubby has a 401k at work with xxxxx.xx dollars in it. We borrowed xxxx.xx from it last year and have been paying back since then. His employer is closing their doors next week (so this doesn't fall under his having been fired/quit). Since his place of employment is closing are we going to be penalized for no longer "paying back"...

Professor Wonderful:Your answers can be had by calling the IRS at 1-800-TAX-1040. I call them every few months because I continue to get questions that even a professional can get wrong. Confirm these points with the IRS: First, you can have a roll-over period. That is, you can withdraw all the money available und... More...

401k, Questions on transfer and withdrawal?
Situation: I have some money in a 401k from my previous employment. 1) How do I transfer that money to another investment? 2) Can I just withdrawal that amount? How? Penalties? It's been sitting there for several months. I think it's gradually losing money. It would be more useful to have it in AmeriTrade or just cashing it out. I plan to do Dental Hygiene, I'm not certain if that industry offers 401k for me to continue transferring it around - so cashing out wouldn't be bad. I could use ...

Al in NC:If you cash out your 401K you will owe taxes on the withdraw. Also, 10% early withdraw penalty if you are not 59 1/2 (there are exceptions to this rule). The best method is to open a self-directed Traditional IRA at a brokerage firm such as Scottrade. Let them know that you wish to do a DIRECT ROLL... More...

Please help with 401k questions?
My mom's work has a 401k plan and she's been putting money in for quite awhile now. About a a year ago the company switch owners. My mom did some paper work to do a rollover. I believe she wanted a direct rollover but they sent home a check back in november 2008. however my parents don't speak english so they didn't know they recieve the check. We we're just going over the paperwork today and they found the check in one of the envelopes, over 5 monthes late. So i've been looking up online and ap...

muncie birder:This is an extremely difficult question to answer. Since the check was not made out to her but to her new employer, I think she should take the check to the employer, but someone familiar with tax law really needs to answer the question. Another possibility is to claim that the check was lost in th... More...

401k questions please?
Hi, If for January-June, I worked for a company that offered a 401k and I contributed the maximum amount I could ($16500)..and then for July-December I worked for a new company and contributed the maximum amount again ($16500)...is this possible to do? Or the new company will know somehow that I already contributed the maximum amount? Also, if I set my contribution percentage to some high number (lets say 50%) ..as soon, as I hit the 16500 amount would my company realize this and cut me off aut...

the tax lady:You blew it. You now have excess contributions. You have GOT to get the excess out by notifying the plan administrator of your current employer. Preferably by 12/31, but 3/1/next year at the latest. The employer would then issue you a corrected W-2 (so you can add the money back to income). The... More...

401k questions, why is my money not investing?
I just started contributing to my 401k last week. I have 100% elected to go into one specific fund. The fund cost is $10-something per share. I have $20 coming out of my paycheck and my employer matches it. However, instead of going into that fund it shows that the money is "uninvested cash" even though i didn't elect for that to happen. Is this because I don't have a high enough balance yet to invest the money? I'm not sure how these work, I just now was able to contribute. Thank you...

SmartA$$:There's a delay between when your money enters the 401K account, and when its invested into the selected fund. During this delay, its just listed as uninvested cash. Don't worry, it will be invested soon. This is normal, the investment doesn't happen instantly.... More...

General 401K questions?
I am leaving my job at the end of the month and need to roll over my 401K. 1). Will I loose any money in the rollover 2) Which is better to roll over to - traditional IRA or a Roth IRA (my new company does not participate in 40X programs). 3) What is a "payment to self" option. I'm thinking of cashing it in (I know I will loose a lot of money) to pay of Credit card debt - so would I do this payment to self option, then just pay my penalties during tax time or does it automatically get taken ou...

MVD34:Here are my short answers: (1) No, if you do a direct rollover to a rollover IRA (which works on the same principle as a Traditional IRA). If you have at least $10k in your 401(k), have Vanguard handle the direct rollover for you and invest all the money in one of their Target Retirement portfolio... More...

Cashing out my 401k Questions...?
Someone please tell me why this would be a bad idea. Because so far I see no down side. I'm 29 years old and have $50,000 in my 401k. It holds mutual funds and has gotten good gains through last year, but averages around 7 - 9% annually. If I were to cash out this 401k (I know the penalty would take me down to about $45,000) and put it into a high yield bond ETF like 'JNK'. JNK pays out .36 cents per share monhtly, and is currently trading at $40. Which means I could get $45,000 / 40 = 11...

:Good idea. Just keep in mind that you'll pay income taxes on the 45,000 first. You should still come out well ahead of your 401k.... More...

HELPPPP retirement and 401k questions?
When nearing retirement, you may not want to abandon stocks completely for which of the following reasons? a. Stocks are increasingly becoming safer than mutual funds b. You may still need the growth associated with stocks due to increased life expectancy c. Mutual fund fees are expected to increase dramatically in coming years d. You should always take more risk as your time horizon narrows e. All of the above ++++++++++++++++++ It is typically recommended that you have at least 50...

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401K question-A couple of questions?
Is the 15K limit per person or per couple? And, is the employer match outside the per person limit?...

westsaeed:The limit of $15,500 for 2007 is per employee, not household, and it doesn't count what your employer contributes. The purpose of the limit is to reduce your deductions and pay more tax, not to limit what you wind up with, so your employer's contributions don't come into play.... More...

Is there a public forum where I can pose a 401k question to an accountant?
Am interested in whether an employer has the discretion to offer different 401k matches to different employees....

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401K plan questions?
Hey Guys, Im 23 years old and I work 2 full time jobs... I already have a 403B plan with one of my jobs and the other offers a 401k plan. But in my 401k plan I am going to have them manage it because I dont have the time to take and watch for what is rising or not. But my question is there are 5 types of portfolios... The Conservative, The Moderate, The Balanced, The Growth, and The Aggressive... Should I be aggressive with this portfolio or kinda laid back with it. I only plan on staying with t...

STEVEO:congrats. at your age and working two jobs as well as starting your retirement investing. your light years ahead of most people your age. an aggressive approach @ your age is easily the best way to go. that will usually put you into mutual funds w/ growing small and mid-sized companies (think M... More...

Questions about 401k?
So I am about 23 years old and am working my way through college, full time. I decided to take part in the 401k program at work since my bills are somewhat inexpensive and I feel I can afford to do so. I just have some basic questions. Should I be investing in a 401k if I plan on staying at my current job for maybe 5 years max? Does my 401k plan go with me to my next job? Am I too young to start investing in my 401k? What else should I look into investing in? I always hear about people losin...

Hoa N:Yes, you should, ASAP , Time is on your side, small amount add up. No, you'd never too young. the sooner the better. If you leave this job, roll over to IRA, if your new employer let you transfer to new 401k, do it by transfer your rollover IRA to new 401k from your new employer. Check out these t... More...

Can you help me with a 401k question?
Eight months ago I lost my job. My 401k is still sitting with my previous employer. I know should move my 401k money to an IRA, but there are so many options I don't know which I should choose. There are the big guys like Fidelity and the little guys like every bank on every corner. How do I know what's best for me? Any advice would be helpful and appreciated....

Billie:Find someone with the "heart of a teacher" Dave Ramsey has some on his site, under ELP (endorsed local providers)... More...

TAX questions - reimbursal, 401k,?
tax reporting questions - reimbursing and mileage? i am new to this so please help!! i'd appreciate it! 1. my company pays for a portion of my cell phone bill.... do i report these amounts??? 2. also, i have gone to a few educational job related seminars, can i use deductions and report the mileage I have incurred 3. i do my 401k through my job, on w-2 portiong of filing, i input the amount; but do i need to input my 401k information in any other part of the filing??? does our 401k pay compan...

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401K question. Why do most financial analysts recommend only contributing an amount equal to the company match?
I contribute quite a bit more than the company match of 6%. Should I reduce it and put that money in another IRA account? which one?...

rotflol:What they recommend is contributing enough to "max out" the company match because that's free money to you. After that, contributing to a Roth IRA makes the most sense in the long run - because the Roth allows tax-free distribtitions once you reach age 59 1/2.... More...

Couple of quick questions about 401k . . .?
I've never been very investment savvy so bear with me. I'm trying to get myself together. I just switched jobs & my new company automatically enrolls me in a 401k (unless I decline) at 3%. I understand the benefits of having this so I'm going to do it. I get paid 2x's per month. But a few questions . . . It's pretax right? And my health insurance ($700/mo) is pretax as well. So say my check is $3,000. My health insurance ($350 for that period) comes out first??? And then they put in 3...

Reena:It is pretax money... but they take out the 3% for the 401K first, then they deduct your health insurance premium $350 and the rest of your pay check is taxed at what is left. So the 3% is done on your whole gross check... not after they deducted the health care premium. (btw... do yourself a favo... More...

Questions about a 401K in a divorce?
Just a few questions about the (i forgot word but) "rules" of a 401K... and about when its used in a divorce... 1.) Do spouses share 401K's? Or do they both have their own? 2.) Does a spouse have to take a 401K? Or is it just if they need it? In the state of Texas... idk if that helps......

CW:401Ks are owned by the working employee by themselves. In a divorce she can ask for a QDRO or Qualified Domestic Relations Order to have it split without taxes or penalties so she gets half in her name. State law has absolutely nothing to do with it since it's a federal program.... More...

401K questions on tax strategy?
I currently put away $50.00 a week in my 401. My company matches about 30% up to the first $60.00. I was able to avoid any major loss this year by shuffling my money around. Currently I'm up a little over 6% for the year. We have a multitude of investment options, most of which took a shellacking this year. I was able to move most of my money into what we call Stable Value. Which is from what I understand mostly Muni bonds and such -- Stable but low return. I currently split what I put in as f...

$so fresh so clean$ (3 for 3):From what it seems, you have both a 401 (k) and a Roth IRA. You're getting the match with the 401 (k), but you're getting tax-free earnings with the Roth IRA. But to answer, the Roth is better for tax implications.... More...

401k question. how do i go about finding info on if my employer paid into my account?
i recently lost my job after 15 yrs. i was told that i was owed 401k. i never paid into a 401k but i was told my employer had to have paid into mine. profit sharing. how do i go about finding out if he did. i need all the input i can get on this. so thank you in advance for your help....

w1ld w1ll1e:contact your previous employer's human resources department and ask if they can supply you with a statement of your 401k account. if they do provide one for you, or have whoever is maintaining it for you (groups such as vanguard or fidelity) do so, you will know how much you have in it, how it is i... More...

401K and retirement questions?
I talked to a personal advisor recently and he got me thinking about retirement. Although I am 23 years from retirement, he says I should be thinking about it if I want to have enough to actually enjoy life instead of living paycheck to paycheck. So, here are my questions to you all: How much do you contribute to your 401K per month? Does your company match? How much? Is your 401K your means of retirement? If not, what other savings do you have? I started adding to 401K 5 years ago, but did...

likepepsi:About 80% of my savings is in the 401k, 20% elsewhere. I don't count my home value. I didn't contribute enough earlier so now I am at 14% (+ 5% match) in an attempt to make up for lost time. I didn't understand how important it is to start early because those extra years of growth make a HUGE differ... More...

Questions regarding 401k retirement with perdue farms?
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Questions about 401k, Roth IRA, Regular IRA,and savings accout?
I work for the state and I have a retirement plan already with my job but they don't call it 401K, they call it "A retirment plan" and they match me at 5 years. I wanted to the difference between 401k, Roth IRA, Reg. IRA and are there anymore other retirments plan out there that I can choose from? I was also thinking of opening a saving account and using that for retirement account, I will not touch until I'm 65 but I wanted to know do they charge on taxes awhen I take out and will I make mon...

amazed:go to your local public library and take out a book. from the sound of your question you could learn alot.... More...

The company I work for is sold to another company. 401k question?
My former income was $48,000 per year, now it is $7200 per year and there are no similar jobs with matching salary in my area. I would like to cash out my 401k in 2007 and would like to know the penalties invoved. My wife's salary is in the mid 30k and i have enrolled in a nursing course, but will not graduate until December 2007. My 401k balance is $24,000 and I am 45 years old. Can anyone help?...

Mike S:Don't do it! As a former investment broker, I can tell you that you'll not only pay a strong penalty, but whatever you cash out will be added to your yearly income and you'll have to pay taxes on a higher amount (be advised that whatever is in that 401k has NOT been taxed yet... so if you cash it o... More...

questions about 401k?
I really don't know much about 401k plans, but I have a question about the employer's matching 100%. My boyfriend just got a 401k and has an automatic deduction coming out of his paycheck to be deposited in the 401k and the employer will match that (I get that part). But he is talking about putting extra cash in the account and his employers matching that, too. Because we have a savings goal that we could reach in 2 years, I'm thinking we should open a 24 month CD (I checked with my bank we nee...

Huntsman:The money will have to come out of his paycheck. To me - that is his money - he should put the maximum he can by law away. He cannot take cash out of his wallet (or accounts) and just put it in a 401K. It has to come out of his income directly with the company- he never sees the money. Do this....... More...

Can someone please help me on this 401k homework question?
You just started a new job. You are going to put $400 a month into your 401k account. If you can earn 6% growth on your investments, how much will this be worth in 50 years?...

Judy:$1,477,229.08 Just google compound interest calculator. Practice googling. Also make a note on your paper that you will need at least twice this much to retire if a person is 20 today. /... More...

I see here many questions from US about IRA and 401K. Can someone please explain what they are?
Also what the initials stand for? Thank you...

nate s.:There are a number of different types of IRAs which may be either employer-provided or self-provided plans. The types include: Roth IRA - contributions are made with after-tax assets, all transactions within the IRA have no tax impact, and withdrawals are usually tax-free. Named for Senator William... More...

Need more detail about previous 401k question?
My husband has got a new job, his current employer sent home this massive packet, which is like latin to my husband and I. We are unsure if his new job accepts rollovers, we have left a message with their CFO. It isnt that much money. Can someone explain the penalty for lump sum distribution vs. rollover? My husband does know that his new company does not start 401k til after the 90days probationary period? In the paperwork it mentions rollovers have to be distrubted during a 60day period or pen...

W:Well you can do the rollover without the new company setting it up for you. Any of the brokerage firms can set up the account or you can do it via all the online firms. Even though the new company doesn't start his IRA until after the probationary period that probably means that they don't allow t... More...

Any way to find the phone number for harris teeter 401k question hotline?
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Richard:Contact your Human Resources representative. Harris Teeter probably uses some financial institution for their 401K program like Prudential, Janus, etc. These companies typically have a specific person or persons to handle your company's account.... More...

How do I get my 401K from my old employer and other 401K related questions?
I worked for my last job from 2005 - 2009 and I still haven't contacted them about my 401K. I don't know what I should do to contact them. Should I contact the HR, payroll dept?? Would my money just be sitting there since I left in 2009? I was thinking about rolling it over to my new employer but I'm not even sure how to go about doing that. My employer did give me an app for Deferred Compensation SMART plan....

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W-4, 401k 403b contributions: Tax Questions?
I have some questions that hopefully somebody can shed some light. 1. On my W-4, do I use my wage basis as my salary minus my 401k / 403b contributions? For example, if I make $27k annually and contributed $5k to my 401k / 403b, do I base my wage as $22k? 2. Lets say my spouse makes $65k annually. On his W-4, he took an additional deduction of $120 after doing the calculations on the back (2 Wage Earner Household). Do I also add a $120 deduction on my W-4? As a side note, it seems that with ...

Judy:You don?t put your dollar salary on your W-4, so I?m not sure what you are asking in 1. or 2. On the worksheets where income is asked for, yes use the amount after deducting the 401K contribution. If you are grossing $27, 000, then the extra after taxes is a lot more than $300 per month. Your ext... More...

How much of my paycheck should i put into a 401k?
Im 16 and am employed. My employer sent me info and forms for a 401k. My question is what percent of my paycheck should i put into the 401k....

Robert Alleman:Its a great thing to start saving when you are young, but the big question here is does your employer match? If your employer matches funds, then put enough of a percentage to get all of his match. However, if he does not match, because of your age, you may be better off with a Roth IRA. Unless y... More...

can the stock lost that I have will cancel out with my 401k money?
I still have a $27000 stock lost from the past 8 years and I'm planing to take out $27000 from my 401k. The question is: Can these two cancel out to each other and I don't have to pay any tax on the money? or do I still have to pay? I know I still have to pay the 10% penalty....

Spock (rhp):the 401k withdrawal is NOT a capital gain and can NOT be offset with your capital loss carryforward. 401k withdrawals are ordinary income.... More...

I have an 401K I need to rollover. However, I have a few questions..?
I rolled over this 401K in April 2007 from a change in employers (I quit and started a job with another employer). However, I have to rollover the 401K to a Traditional IRA (preferably) because I just got fired (lawsuit pending) from my current employer. Is there anyway I can do this quickly and without incurring a penalty? Thanks, Jon...

Thin Kaboudit:Pick a brokerage, tell them you want to open an account and "roll in" a 401(k) rollover... they will open you an account and give you what its name is... Contact the plan administrator of the 401(k) and request a direct rollover check be issued in the name of the brokerage account you opened. Depo... More...

Questions about 401K Funds?
Hi, I have to make a choice of contribution to my 401K. I'm very confused about the choices. They are Money Market fund, fixed income fund, general fund, large cap equity fund, small/mid cap equity fund, index fund, international fund, and global tactical asset allocation fund. Those are offered by the company. Can someone give me some recommendations on what those funds are and which one has hight risk or low risk? Thanks you very much....

The Shadow:These are listed in order of risk from low to high. A money market fund invests in short term commercial paper. They are managed to keep a steady net asset value of $1 per share (although that's not guaranteed). It carries the least amount of risk but provides the lowest long term potential return.... More...

Questions about 401K?
I am in my early twenties and have been at my job for one year. This now qualifies me to participate in their 401K. To be honest I have no idea what a 401K is. What is it? How does it work? What should I invest? Any other tips would be appreciated!!! Thanks in advance....

ADAMSMITH:A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis. Employers offering a 401(k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also... More...