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401K
- 401k loan Is it a good idea to take a 401k loan to cover closing costs on a house? (Given that stocks are down)
- 401k drop -5% drop in 401k since January. How big are your drops? #personalfinance #investments #swe
- Microsoft 401k vest period I was talking to a friend who recently left Amazon. He was complaining how he owed money from his 401k back to the company because the 401k match has a vesting period. Is this a policy common across tech or something specific to Amazon?
- 401k max or not Should I max my 401k this year. How often people max their 401k? TC: 170k Single California Not much of a fan of retirement money because who knows what happens at 60 age and this income is taxed again. #cpa #tax #irs #401k
- 401K options Hi All, I would be joining a startup where currently they don’t have tie with any 401K companies. How can I independently contribute some amount for my 401K ? Any better companies that I can sign up with ?
- 401k dump With the economy going nowhere, is anyone thinking to dump 401k and get cash?
- Contribute to 401k or ROTH 401k? Base is $128k No match Single, no other sources of income, no company stocks yet Currently contributing to ROTH 401k #personalfinance
- Any suggestions on my 401K strategy My 401K has been bleeding money. Did I do anything wrong here? Or is this expected ? I understand these are long term vehicles but just want to ensure if things are okay or I’ve made any mistakes in my investment bucket. I guess it’s nothing wrong in re balancing once a while. May be more allocati
- vote ARK f*cked my 401k I moved 50% of my 401k to ARK and other growth stocks last summer. Now I’m down significantly and with the outlook for growth being not great I’m thinking what I should do. Accept the loss and move to other ETFs or continue to buy the dip
- 401k reached cap before changing jobs And my new employer will have better 401k match, is there anyway I can withdraw some previous 401k contribution so that I can still get the match from my new employer? #personalfinance
- What is your balance in 401K account I am curious about how much people have in 401K. Let's play this game, this will give an idea of how we should improve for a better retirement. Let me start with mine with age and 401kb balance. 40Y / 150K
- 401K to bond switch Crazy times ahead - time to move 401K to bonds TC 220
- 401k balance with age? Hey folks, I am in my mid 30s and have 130k in 401k accounts. I started contributing late and now I am maxing the limits. About 10% of my salary goes to 401k. Thinking if I am overthinking this and if I should just contribute 6% instead! Could you pls share your age, 401k bal and your contribution
- 401k at 35 How much should be in my 401k at 35? Anyone have a good baseline to share?
- 401k Wondering if putting money into a 401k with 50% max matching makes sense. The way I see it is you only need a 401k if you will not strike it rich since if you do then you won't need it anyways. I'm young I have lots of time to make money I feel it is better for me to invest money into stocks rather
- 401k after-tax Hey everyone, I want to put as much as possible in my 401k as after tax contributions and I was wondering if it is allowed to put the full 61k in after-tax and not contribute to “traditional 401k”. Does anyone has an authoritative answer on that? (Ideally quotes from the IRS code) TC: 330k YoE: 5
- 401k withdrawal I'm moving back to India next year for good (FIRE). I want to know if I can withdraw my Pre-Tax 401k penalty free and just pay the income tax? If you know any Tax consultant that can answer this question please comment/dm me their contact details. TC 280, 45yo, NW ~900k, #FIRE #tax #irs #401k #h
- vote How much in 401k account? Hi I never had a 401k until my current job. Never took it for reasons I don’t know. So want to get a sense what is the general 401k balance ppl have. Also if we can attach the number of years it has been since you have had the 401k account where you are showing the balance that would be great to
- 401k When investing in 401k, say if I put in $100 and the tax should be $25. Because I don’t get taxed until I take the money out. Lets say 10 years later that money grew into $1000 and I take it out. Do I get taxed $250? Or do I get taxed $25?
- Employer change -401k How does 401K work once you leave an employer? Is it advisable to transfer to the next one or start a new one with the best employer?
- 401k investments Hey folks, Where do you invest your 401k in? Looking to diversify
- vote 401k or 401k Roth For all my previous jobs I've used the regular 401k. New employer has an option to invest in 401k Roth. I understand the difference of pre vs post tax. Also I generally do the the traditional to Roth conversion ($6k per year using backdoor). Can I continue to do this if I go with 401k Which one sh
- Investing 401k basics I'm a junior SDE who's accumulated around 8K in my 401k after working for a few months. Wanted to start investing. It's all pretax. Any advice on how I can get started? Should I change it to Roth? I'm an F1 who got picked in the H1b this year if that helps. TC: 160k YOE: 10 months
- vote Lost more than 20% in 401k It sucks, overall portfolio is more than 20% down, who else is in the same boat? The unhealthy growth of stocks is bad overall which we don’t recognize Long time investor in 401k with 10+ years with starting TC as low as 70K
- Advice for 401k investment My employer has tie up with fidelity investments for 401k. Seeking advice what investment elections are recommended for a person who is not looking to encash it anytime soon and believes in moderate risk. PS: I elected vanguard target 2035 as investment for now. <without any thought> TC: 180K
- vote Roth 401K vs traditional 401K For this discussion, let's keep the mega backdoor Roth 401K aside (this may or may not exist from next year based on our politicians). For 2022, the 401K contribution limit is $20.5K. We can either put it in traditional 401K (and get immediate tax benefit), or put it in Roth 401K with no immediate t
- 401k or Roth 401k? Thoughts? Which one do you do? I’ve always done traditional 401k then rolled into IRA. does it make sense to start roth 401k now? #Finance #money
- vote Should I invest in 401k? I somehow don’t buy the idea of 401 contributions, I think it makes more sense to self invest in income producing assets rather than let it sit untouched for another 30-35 years . Wondering what others think. Came across this article that made me feel I’m not alone - https://cadehildreth.com/why-40
- Bitcoin in 401k Is saving bitcoin as a part of 401(k) a good move?
- 401k If I take my 401k money to India do I need to pay taxes in India? #Investing #personalfinance #investments
- Rivian’s 401k? Does Rivian allow after-tax 401K contributions? TC: 210k #401k #rivianautomotive
- Traditional 401k or Roth 401k Which would be best if your employer does not match? I make 🥜 now but plan to make much more in the future. I’m thinking 100% into Roth IRA would be better so I can pay taxes on those investments now and not in the future when I make more. #personalfinance #investments YoE: TC 115k
- 401k investment - brokerageLink? Microsoft My 401k invest in VAN IS SP500 IDX TR in Fidelity Should I use brokerageLink instead for the next paychecks? Thanks
- vote 401k Do you max out your 401k?
- Twitter 401k Hey Tweeps, Quick question – What is the 401k offered by Twitter these days? Who is the provider, what is the match, and does it support mega backdoor? Thank you!
- 401k question 1. Can you always guaranteed withdraw money instantly without any delay? 2. Whats the term of company matching? Assuming its 1:1, if I put 10k and get 10k from company, but in the next 2 years I withdraw, can I withdraw 20k or just 10k? 3. What kind of stock you can invest on 401k, similar to robinh
- vote After tax 401k or nah? After maxing out 401k + roth, should I do after tax 401k as well or should I save up cash if I am trying to buy a house in a few years?
- vote 401k vs Roth 401k Which one should we choose for someone in their early career? If both, what should the contributions towards each look like? #401k #Roth
- 401K advice Should I front load the 401K/ Roth IRA when market is down like this? ##personalfinance #investments #investment #401K #retirement #bigtech
- 401k Hi, I am trying to find a way to defer more of my income to shield it from high tax rates. The max employer contribution to a 401k is around $61,000 or something like that. No company gets close to that. Do you know if there is a way to get your company to take more of your gross salary and put it t
- 401K & Roth 401k strategy Is my general strategy correct? Currently I contribute just enough 401k to maximize the company match. I then contribute the rest to Roth 401k to fill the remaining gap up to the $19.5 limit. Is this what everyone else is doing?
- 401k and taxes My income is 200k, had deductions of 20.5k due to mortgage and solar, and 401k was 19.5k. Should my taxable income be 160k?
- 401k savings How much 401k savings people have by age ? We started late (no company match earlier), and we have 750k total by age of 40. Now we are maxing out. TC: 1M (paper money) YOE: 18 #personalfinance #investments
- After tax 401k - multiple companies I am going to be leaving Meta soon and my new company offers less matching than Meta. I am planning on maximizing my 401k while I am at Meta. I am also maximizing After tax 401k (mega back door) but I read that is per company. Does this mean I can contribute another 20k at the new company for afte
- 401k vs Roth 401k Is there a reason why I shouldn't choose Roth 401k? Assuming I contribute 25k/year (max out + employer contribution), with an 8% annual roi, for 35 years, it will turn to 5mil. I will be able to take out 400k (8% of 5mil) every year, which is more than what I make now. If it is a Roth 401k, I woul
- 401K match what is your company’s 401K match? mine is $1000/year 🥺
- 401K Investments when switching companies Hi All, Can anyone shed light into what can be done to 401K money when switching companies? I read that 401K money needs to be transferred to a different/new IRA account, I wonder if we need to sell off investments and then transfer money to IRA and re-invest, does that sound right or is there a be
- vote Amazon 401k has a 3y vesting cliff I'm transferring my money out of my Amazon 401k into a Rollover IRA and the gentleman at Fidelity informed me that my balance is not my balance. Because I stayed less than 3 years, I don't get any of Amazon's contributions. The average Amazon tenure is 18 months; virtually none of their hires are g
- vote 401K What do you think about 401K programs? What action (if any) do you take in a slowing economy?
- Annual 401k limit Is the annual 401k limit of $20,500 per company or per year toal. Example, if I move from Amazon to say Microsoft, can I contribute, $20.5k in each place or just $20.5k total? I am trying to see how do I get full benefits of MSFT matching, which is 50% of IRS limit. TC: $280k