Can you lose money in your 401K?

Can you lose money in your 401K?
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1 Answer

Answer :

Yes you can. If you’re invested in something, and it loses money, you lose money.
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Related questions

Wanting to take money out of 401k, does there need to be a reason?

Description : Wanting to take money out of 401k, does there need to be a reason?

Last Answer : answer:TL;DR - It depends, but probably. Rules vary a ton between plans. They're always going to ask and there are some good, helpful, reasons for them to. There are also a few steps to ... best first step is probably to give them a call and just ask questions until you know all your options.

Although I'm no longer employed, I have a 401K account through a former employer. Is there a way for me to continue contributing to that 401K account?

Description : Although I'm no longer employed, I have a 401K account through a former employer. Is there a way for me to continue contributing to that 401K account?

Last Answer : I am not a financial wizard or anything, but I’m pretty sure you can not continue contributing to that account. Have you looked into rolling it over into an IRA and then you can add your contributions to that IRA.

What happens if I cash out my 401k?

Description : What happens if I cash out my 401k?

Last Answer : It’s a bad idea…but YEP we’ve had to do it. I’m not sure what your tax bracket is however, you can withhold the taxes when you cash out. Make certain you do that or you’ll have to come up with cash at tax time in April.

I`m 67 yrs.old and still work part time . Can i take my 401k out from my company and buy treasury bonds and not lose any of my money?

Description : I`m 67 yrs.old and still work part time . Can i take my 401k out from my company and buy treasury bonds and not lose any of my money?

Last Answer : Most 401k plans have penalties for early withdrawal.

How much money did the owner lose?

Description : How much money did the owner lose?

Last Answer : $200 or a bit less. $100 from the theft $ 30 in change $ 70 for the value of the goods (although technically a little less because owner bought the goods at a discount and marked up the price to $70). For all intents and purposes the owner is out close to $200.

What shall it profit a man, if he shall gain the whole world, and lose his own soul?

Description : What shall it profit a man, if he shall gain the whole world, and lose his own soul?

Last Answer : ??? huh??? Isn’t the statement self explanatory?

I have a good amount of money invested into my 401k as a 26 year old. I'm thinking about just cashing it out and taking the loss of half the money i invested. Which kills me to think about this. But I'm afread of this ecomony and this amero. Should I just cash it out? Or wait? I'm thinking I could loss more if I just left it in... Am I right?

Description : I have a good amount of money invested into my 401k as a 26 year old. I'm thinking about just cashing it out and taking the loss of half the money i invested. Which kills me to think about this. But I'm afread ... it out? Or wait? I'm thinking I could loss more if I just left it in... Am I right?

Last Answer : Don't do it. A 401K is an investment that is meant to grow over time. Sometimes you lose sometimes you gain, but short of an economic disaster you will gain if you leave it alone. The tax you will ... pay on the money you withdraw will be yet another loss on top of the future gains you will losing.

I Need My 401k Money Now should I Borrow from 401(k)?

Description : I Need My 401k Money Now should I Borrow from 401(k)?

Last Answer : Borrowing from 401k is a good and also a bad idea. If you borrow from 401k, you will get deeper in debt. Imagine, you work hard and you are get taxed by the government to fund the 401k, ... . Borrowing money is not the solution to your Financial Problem. Always solve your problem, don't escape it.

What will happen if I decide to withdraw money out of my 401K account before I reach retirement age?

Description : What will happen if I decide to withdraw money out of my 401K account before I reach retirement age?

Last Answer : You will get nailed with at least a 10% penalty and have to claim it as taxable income besides, unless you can do it on a 401k loan wich you repay to yourself at a set interest rate. (a much better idea)

I have a 401k account from a previous employer can I roll my funds over to a money market account without penalties and withdrawl from it months down the road ?

Description : I have a 401k account from a previous employer can I roll my funds over to a money market account without penalties and withdrawl from it months down the road ?

Last Answer : A lot of the answer depends on your age. If you are younger than 59 1/2 you will have a 10 % penalty on the amount you withdraw from your 401K and the amount will be regarded as income in ... 401K but there are regulations the IRS has on how much you can withdraw each year depending on your age.

How can I save money on transportation?

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How can I save money on groceries?

Description : How can I save money on groceries?

Last Answer : Here are some ways to save money on groceries: Make a grocery list: Before you go shopping, make a list of the items you need and stick to it. This will help you avoid impulse buys and ... to always compare prices and look for discounts, and you'll be able to stretch your grocery budget further.

Have you ever made use of the option to withdraw money from your bank account at the supermarket checkout?

Description : Have you ever made use of the option to withdraw money from your bank account at the supermarket checkout?

Last Answer : Yes. It costs me 50 cents to make a withdrawal of any amount of money in excess of my bill. I have done it a few times for the convenience, but I hate paying a fee.

What are some ways to make money?

Description : What are some ways to make money?

Last Answer : Do you have any Art skills. I see university Fine art students who probably graduated recently or in the last two years are now making How to draw ( watercolor, Acrylic painting and so on) while others ... stages . Anything tht you want ot know how to do is on youtube now and not all are experts.

Do some people become richer because they manage money better?

Description : Do some people become richer because they manage money better?

Last Answer : Several wealthy people I've known have given me tips on keeping money over the years. One man who owned a company and fleet of vehicles, told me he only keeps liability on all his vehicles because ... the lot. Dave Ramsey says NEVER lease a vehicle, it's the dumbest move you can make financially.

Where do you keep money to prevent yourself from being tempted in spending it?

Description : Where do you keep money to prevent yourself from being tempted in spending it?

Last Answer : In a savings account. Then I hide it from my online banking.

With printing your own money being illegal, what legal arguments would the state use to criminalise you, if you had the technology to transmutate literal dirt into gold?

Description : With printing your own money being illegal, what legal arguments would the state use to criminalise you, if you had the technology to transmutate literal dirt into gold?

Last Answer : Since gold is not money, it isn't a matter of counterfeiting. But true transmutation would mean that the gold produced from dirt would be indistinguishable from gold mined in the traditional ... like someone finding an alternative way to mine bitcoins at 1/1000th the necessary computing work.

If you found money while being out in public, what would the amount have to be, before you decided to turn it in vs keeping it?

Description : If you found money while being out in public, what would the amount have to be, before you decided to turn it in vs keeping it?

Last Answer : More than $20. In my old job my bosses wife dropped a pile of cash and a cheque out side of the store. I returned it to her.

Have you successfully retrieved money from a fraud claim you filed on your debit card?

Description : Have you successfully retrieved money from a fraud claim you filed on your debit card?

Last Answer : I did. It took a few days, but I only dealt with my bank. Actually, the bank had called me first, suspecting that the transaction was fraudulent.

How did Epstein get all that money?

Description : How did Epstein get all that money?

Last Answer : Did you ask Google? He was untouchable because he had all that money.

Your father has died, and his will stipulates, that you must infect yourself with HIV, in order to get the money. You agree to the terms. How much money did you inherit?

Description : Your father has died, and his will stipulates, that you must infect yourself with HIV, in order to get the money. You agree to the terms. How much money did you inherit?

Last Answer : So, what, we just make up a number here? In that case I inherited $1 trillion USD.

What happens if a mentally incompetent or mentally challenged adult, who is not in charge of their money (or has a legal guardian) wins a large sum of money?

Description : What happens if a mentally incompetent or mentally challenged adult, who is not in charge of their money (or has a legal guardian) wins a large sum of money?

Last Answer : A conservator handles the money, for the benefit of the individual. That is overseen by an agency or a court.

Anyone pull their money out of the market before this latest tumble?

Description : Anyone pull their money out of the market before this latest tumble?

Last Answer : I don't understand much about finances and/or financial markets, but what I heard is that analists are scratching their heads over what Mnuchin has done over the last day(s) (calling 6 CEO's of big banks, and trying ... are not yet at their lowest. If I had money (I don't) I would wait a few days.

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Description : How do you get money paid to you from Paypal?

Last Answer : You would have to transfer the money that paypal owes to the bank.

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Description : What will be the format of money exchange with aliens in future?

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Hello. I live in Bulgaria. Our familly is poor and I don't have very much money. I'm 15 years old and I don't think it's legally to work. What ways you know for earning money?

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Description : If you have adult children, and they ask to borrow a large sum of money, do you expect to get it back?

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Is it wrong to accept money from your preacher?

Description : Is it wrong to accept money from your preacher?

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Should we ask for gas money?

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Can you send money to someone that doesn't have a bank account?

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Last Answer : You can send cash per mail.

What is the most money that you have ever held on your hands, or had in your possession?

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Last Answer : Don’t recall, I’m usually so broke I can’t pay attention.

How much money would someone have to pay you to agree to this?

Description : How much money would someone have to pay you to agree to this?

Last Answer : Let us be sneaky and say: “200% of the entirety of what they earn from selling that information.”

How much money should a 22 year old have ?

Description : How much money should a 22 year old have ?

Last Answer : Good start. I think I had $1,000 saved by the time I was 22. Where did you get 20K?

What pushes people to pay excessive amounts of money for phones/other technology?

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Last Answer : It's easy, perhaps tempting, to brush this sort of thing off as a status symbol. Sure it is for some. And some actually benefit through business associate respect that comes with such a thing. ... also wants a little taste of experiencing the best of what human creation can offer during his time.

If you could have as much land as you wanted, and money was no object, how would you landscape it?

Description : If you could have as much land as you wanted, and money was no object, how would you landscape it?

Last Answer : A super big telescope. A dark sky preseve. An adult obstical course / parkour training area. Climbing wall and strawberry and random fruit fields. Bbq area. Super fast internet. The Real Fluther ... gear and and independent living supplies. A well stocked library both paper and digital media info.

How much money would it take you to go crazy with wealth?

Description : How much money would it take you to go crazy with wealth?

Last Answer : I honestly don’t think that it would.

How do I send money to a loved one in the Philippines?

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Last Answer : If he has access to a bank account from a bank which has a branch where you live, call them and see if they allow people to deposit money into other people's accounts. If so, have him tell you (over the ... wire transfer (takes a few hours, high fees) * Paypal (7 day delay, fee) * mail him a check

Have you tried to earn money through YouTube channel or similar ways?

Description : Have you tried to earn money through YouTube channel or similar ways?

Last Answer : No, but I heard that Youtube isn't a good place to make money. Most Youtubers have other sources of income apart from Youtube. Youtube is simply a boost for those sources. My brother still thinks he ... and earn money from it. If only he knew that Pewdiepie is only an exception of the Youtube world

Should I tell my sister that I know about the money, and what she did with it?

Description : Should I tell my sister that I know about the money, and what she did with it?

Last Answer : I would guess she is who she is, and would never be more than a superficial friend. Seeking her attention sounds masochistic to me.

Do you use the Walmart Money Card? Have you had an issue with your direct deposit?

Description : Do you use the Walmart Money Card? Have you had an issue with your direct deposit?

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What irks you more, wasting time or wasting money?

Description : What irks you more, wasting time or wasting money?

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Is it really worth spending money for brand name items?

Description : Is it really worth spending money for brand name items?

Last Answer : While name brand does not always make a difference often enough it does. Consumables I’m almost never getting name brand but other things name brand has a higher resale value. There is no formula for this, it really depends on what the item is.

What are some money saving tips that you would like to share?

Description : What are some money saving tips that you would like to share?

Last Answer : Don’t drink or smoke. Drink water instead of juice or pop.

Can saving money be a hobby?

Description : Can saving money be a hobby?

Last Answer : How will you save $400 a month?

Would you pay money to destroy a symbol of a repressive organization? [Detail]?

Description : Would you pay money to destroy a symbol of a repressive organization? [Detail]?

Last Answer : answer:No. What a waste of $67.50. If she really wanted to take a stand against racism or oppression or whatever she could have donated that money to Race Equality First, SARI (Stand ... & Inequality), or some other non-profit or charity. Destroying historic artifacts achieves nothing of value.

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Description : Are we paying too much money for funerals for our deceased loved ones?

Last Answer : Nobody is being exploited here. We need people to take care of our deceased ones and other people are offering such services, not for free, of course. Unless you own a graveyard and are capable to ... one's funeral as extravagant as possible as a sign of respect and perhaps, to show their status.