Questions tagged [401k]
A 401(k) account is a tax-deferred retirement savings account setup by many employers for their employees in the United States. Employees can elect to contribute part of their earnings - either pre-tax or after-tax - to their 401k account and the employer will often make a matching contribution for a portion of it. The before-tax and/or after-tax contributions are subject to yearly limits set by the IRS. Related to the 403b and Thrift Savings Plan (TSP)
1,144 questions
4
votes
2
answers
478
views
Rule of 55 with a 401(k) plan with mixed Roth and 401k contributions
In my current employer's 401(k) plan, I began with traditional 401k deferred taxation contributions. A few years ago realizing how much deferred taxes I was building up (and with a change where ...
- 8,469
5
votes
2
answers
785
views
Should I lower my post-tax or pre-tax contributions to my 401k?
I am currently contributing 15% post-tax (Roth) and 15% pre-tax (traditional) of my pay to my 401k. My company contributes a 4% base amount and matches up to 6% (for a total of 10% if you contribute 6%...
- 153
9
votes
2
answers
1k
views
Does it make sense to reduce 401(k) contributions if future employer has a better match?
I typically max out my 401(k) each year with equal contributions per pay period throughout the year, capturing the maximum employer match. Currently, I am on track to do that this year (reaching the ...
- 9,774
3
votes
1
answer
400
views
How to handle solo 401k contribution limits across two self-employment entities?
Consider a person in the United States who is self-employed under two different entities, a sole proprietorship and a one-member LLC. How are contributions to a solo 401k limited by the net profits of ...
- 103
1
vote
2
answers
402
views
What should I do with my 401k when moving out of country?
I have been working in US for past 12 years and I have accumulated some amount in 401k. I m planning to leave the country. Can someone suggest what do I do with the 401k without incurring heavy tax ...
- 11
9
votes
1
answer
2k
views
Why wasn't the higher 401(k) catch-up limit for ages 60-63 increased for 2026?
According to the Senate's own summary of Secure 2.0 (italics added for emphasis):
Section 109, Higher catch-up limit to apply at age 60, 61, 62, and 63. Under current law,
employees who have attained ...
- 893
0
votes
0
answers
140
views
What happens if your employer starts you 6 months after you were eligible
My start date was 10/30/23. My waiting period was 6 months. I was eligible 4/30/24 and Enrollment is in July and January. So he should have started my 401k in July of 2024, He never gave me ...
- 1
4
votes
2
answers
1k
views
What are the implications of investing in a 401k as a non-US citizen who may eventually leave the country?
I have a question about 401k distributions for non citizens. If I understand that the 401k allows us to contribute money pretax, Roth, and after tax (the latter 2 being after tax). For a non US ...
- 163
0
votes
3
answers
222
views
What are the tax implications of an employer 401k match that is delayed into a a tax year where I had no earned income?
I retired last year.
Today an unexpected deposit showed up in my 401k account from my old employer into an account I though was closed because I had rolled over the entire balance to an IRA with a ...
- 54k
-1
votes
3
answers
236
views
How to Negotiate Base Pay for 80/20 Split and No 401k Match [closed]
I was laid off by my former employer and gratefully received a job offer today.
My total compensation at my former employer was $168K base + bonus. Last year total compensation was $175K.
The new job ...
- 1
1
vote
3
answers
644
views
401(k) Early Withdrawal Rules
I recently read this article from Empower about early withdrawals from a 401(k) plan before age 59½. I was surprised to learn that such withdrawals are only permitted if allowed by the specific plan, ...
- 179
1
vote
2
answers
2k
views
Which Retirement Accounts Should I Prioritize: Roth IRA, 401(k), or Traditional IRA?
I'm starting to plan for retirement and am unsure about which account types to prioritize for contributions to maximize tax benefits and growth. I have a moderate income and currently work for a ...
user171702
2
votes
2
answers
255
views
FICA Taxes On Retirement Account Aftertax Contributions
My employer provides a retirement plan that allows for 401k contributions, employer matches, and after tax contributions. The after tax contributions are immediately moved to a Roth 401k inside of ...
- 853
4
votes
1
answer
681
views
Aftertax Contributions - Max Roth 401K Amount?
I contribute the yearly max ($23.5k) to my pretax 401k account. I recently setup after tax contributions through the same employer retirement plan. The after tax contributions are immediately ...
- 853
0
votes
0
answers
80
views
Getting 401(k) match from two employers with maxed-out contributions [duplicate]
At the beginning of the year, I maxed out my 401(k), contributing $23,500 pre-tax, $34,750 after-tax, and my employer matched the first 50%, contributing $11,750. The total is $70,000, the max total ...
