| Title | : | Get The Money Out Of Your 401k ASAP || Should you leave your money in your 401k or move it to an IRA |
| Lasting | : | 13.16 |
| Date of publication | : | |
| Views | : | 102 rb |
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Glad I stumbled to this site You explained it where I can totally understand what you're saying The other site I was looking at was talking all this financial jargon that was so hard to understand Thanks for this information Yahoo I am 61 yrs old and this is new to me I plan to retire in 4 more years so this is good for me to consider Comment from : FA Laniaae |
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It's recommended to save at least 15 of your income in a 401k You can use online calculators to estimate how much you should save based on your age and income Saving at least 15 of your income in a 401(k) can help ensure that you have enough money to retire comfortably By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time don't think I could retire with less than $3m in income generating investments and i'm not talking 401k, maybe $2m at the very minimum I plan to work until I'm at least 45 Comment from : Quinn Conor |
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I have two 403b from previous employers and would like to roll them over to an IRA Roth Now, am I able to have them both into one? Comment from : Mike Tamayo |
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I'm 46 Been at my job for 16 years I've had my 401k on and off over that time I pretty much stopped contributing long ago I already get enough taken out of my pay weekly, such as health insurance I don't have much in my account, just $6700 It was worth a LOT more until the economy took a dump But anyways I want to close the account and just take the money I fully understand there are taxes and fees in doing so But can you actually close out the account? I am still employed at the same job Comment from : X-Factor |
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Great Video! Can you talk about Employee Stock Purchase, I work for Pepsi, they are offering ESP, but don’t know much about it Thanks Comment from : Art Soto |
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you do pay income tax from converting IRA to Roth IRA Comment from : Lee Ron |
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I’m 80 yrs young Should I do that? Comment from : eileen Vandernoot |
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I thought I had a 401k, but it seems to have disappeared 🤣 Comment from : David Studebaker |
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I am no longer work at my workplace and I want to take these money out Can you gives some steps to get the money without penality? Comment from : iLove HMONG |
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I agree with your fee statement There is a Pew study showing you could lose thousands of dollars due to fee increases 401k fees are normally smaller than normal IRA fees Comment from : OnlywenIlaugh |
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Im 60, can I move my 401k into a Roth IRA? Or am I too old Thanks for your help Also I'm retired/disabled Comment from : richard |
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Bad move The DOW and NASDAQ are going to new ATHs by the end of the year!!! Comment from : RantzBizGroup |
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Some of these comments dash all of my hope that people have common sense - omg Good point about looking at fees My 2 workplace accounts have fees that are fully paid by my employers Comment from : young timer |
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NOT EVERY EMPLOYER ALLOWS YOU TO BORROW FROM YOUR 401K Comment from : Andrew Parker |
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I’m leaving it in Economy always bounces back Long as we have nukes anyway Comment from : Mama Moosa |
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when ur money comes out of ur 401k, ur money is taxed at the current rate i don't think u skirt the withdraw tax Comment from : Christopher Bennett |
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401k is unconditional surrender of your money to the IRS I never had one Comment from : Adam Hoffman |
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Whoever takes out 401k 6 months ago already avoided the lost today Comment from : quynhmai lam |
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If you take money out of your retirement, you have to pay 40 in taxes Comment from : Doc1885 |
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But you still have to pay taxes on the money you withdraw Comment from : lori whinery |
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My 401K was stolen already Comment from : Harry Hicks |
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Our corrupt government currently does not follow the laws on the books and no one holds them accountable Do you still think they will honor current tax law? Social security payments as designed now? Crooked is as crooked does Comment from : Randy Carstens |
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Take it out and lose 50brThat’s how it works Comment from : t williams |
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Don’t forget about the IRS Rule of 55 for those that want to retire 55 or older Comment from : Teams33 |
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If you move to a retirement friendly state- would your 401k be taxed? Comment from : Kim Blackbird |
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I’m planing to retire next year i brought my first vending machine an im 33 years old Comment from : Idreese Lane |
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Phenomenal video and insights Just turning 59-1/2 and have had the strategy (frankly out of laziness) to max my 401k and never play with it As a result, know very little about my options and feel I need to catchup This conversion is intriguing What about taking the 401k conversion a step further and converting from IRA to Roth IRA? Comment from : Jim Gilson |
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I’m going to be 64 soonseems like it’s too late to benefit from a Roth at this point Comment from : john |
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Must stay in the Roth five years to become tax free withdrawals Comment from : Joseph Snyder |
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Good information And best of all, it’s free information! Thanks for your videos! Comment from : HeyEverbody |
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How about TSP Goverment saving ?brI just became 60 planning to retired at 62 Comment from : Giselle Thomas |
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ROTH: but it is my understanding that if you roll over your 401k to an IRA at retirement, you have to wait 5 years before you can start taking money out Can you explain? Comment from : SC1234 SC |
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I would like to take my money out of my 401k when I retire at 66 and a half, to put it as a down payment on a house so I can pay it off as soon as possible Obviously I would not be working at that time (would be retired) so how would this affect my taxes if I move to a no income tax state? Comment from : SC1234 SC |
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This sounds interesting except the federal government seems to be able to change the rules any time they want… Comment from : RAF Fly |
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What if you get fired from a job like amazon can they send you the full amount of the money from the 401k or they tax the 401k? Comment from : Kimberly Wojciechowski |
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Would it be wise to borrow on your 401k for investment purposes ie a house/land? Aren’t you just paying the loan back to yourself with interest? There is only a one time fee to take a loan on it What say you? Good or bad debt? Comment from : Great Dane |
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If one’s income is more than $187k, he/she is not qualified to put money into a Roth IRA account Is this correct? Comment from : WRen |
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I’m 60 retiring soon and I’d like to pay off my mortgage from my 457 Granted 40 tax to pay if everything is withdrawn how should I do it with least amount of taxes to pay Also I’d like to pay it off in 2 years Thanks so much Comment from : Jose Bach |
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Hey, Joe! Those custom shirts are looking great!! 😉😁😁 Comment from : Gerald Hutchinson |
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My wife recently quit her job (9 months ago) She has a 401k (still) at her former employer If she cashes out(401k), will it still be subject to the 10 penalty? She's 50 I understand there will have to be a tax strategy/plan brAs I commented on another of your videos, I understand that as am I, I'm just talking to a random guy on YouTube brThanks in advance Comment from : sjlouvieify |
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China needs your money 💰 Comment from : Daniel Griffin |
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SCAMMER!!!! Comment from : Chairman Kaga |
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