Where can I go to find out if the 401k calculator tax is a good calculator?

Where can I go to find out if the 401k calculator tax is a good calculator?
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1 Answer

Answer :

One website where you can find some of the pros and cons for the 401k calculator tax is: http://www.401kplanning.org/calculators-tools/401k-savings-calculator/
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Related questions

Is there an easy to use 401k calculator?

Description : Is there an easy to use 401k calculator?

Last Answer : There sure is. Head on over to 401kcalculator.org. They are easy to use, easy to understand instructions, and they were very helpful!! Also informs you of how much you would be savings for your retirement!

What Can A Roth 401k Calculator Do For You?

Description : What Can A Roth 401k Calculator Do For You?

Last Answer : A Roth 401k is a type of retirement account that allows you to withdraw money tax-free upon retirement. Unlike a traditional 401k, the money that is invested in the account is taxed in the year that ... soon as you start working. Otherwise, you won't have anything to fall back when you stop working.

Where can I find an online 401k calculator?

Description : Where can I find an online 401k calculator?

Last Answer : A simple 401k calculator can be found on this site and is easy to use. Just insert your information and plaaning. http://www.bloomberg.com/personal-finance/calculators/401k/

Does a 401K or Roth IRA provide greater tax efficiency?

Description : Does a 401K or Roth IRA provide greater tax efficiency?

Last Answer : A 401k and a IRA are different. A 401k is a employer sponsored plan while a IRA is not. A Roth grows tax free, while a 401k is taxed when you withdrawl the funds.

What are the tax consequences of a 401k rollover from my old job?

Description : What are the tax consequences of a 401k rollover from my old job?

Last Answer : A 401k rollover is an option that comes with very few tax consequences. If you setup the rollover incorrectly you could face tax liability that is unexpected.

how much state tax is withheld from 401k at age 62?

Description : how much state tax is withheld from 401k at age 62?

Last Answer : To be safe right around 8 percent

where do i declare my 401K on my 1040 tax form?

Description : where do i declare my 401K on my 1040 tax form?

Last Answer : how others will about your tax matters i am not an tax officer to know it

What is the tax consequence of the 401k retirement plan?

Description : What is the tax consequence of the 401k retirement plan?

Last Answer : A good tax consequence of a 401k retirement plan is that you can literally save money as the funds that are ususally tax-free. If you withdraw from your 401k plan, there is usually a large penalty.

Marginal Tax Rate Calculator?

Description : Marginal Tax Rate Calculator?

Last Answer : Marginal Tax Rate CalculatorKnowing your income tax rate can help you calculate your taxliability for unexpected income, retirement planning or investmentincome. This calculator helps you estimate your average ... that this calculator uses the 2010preliminary tax tables subject to change by the IRS.

Income Tax Calculator?

Description : Income Tax Calculator?

Last Answer : If you are getting ready to pay your taxes for the year, you should be thinking about using any tool that can help you out. An income tax calculator will be able to help you do your taxes and even ... year. The more time you spend planning now, the less time you have to spend on your taxes later.

Where can I find a 1040 tax calculator?

Description : Where can I find a 1040 tax calculator?

Last Answer : Youu should go to http://www.dinkytown.net/java/Tax1040.html its a really go web site for that. they do everything you need with the 1040 tax calculator.

Where to find a federal income tax calculator for work at home people?

Description : Where to find a federal income tax calculator for work at home people?

Last Answer : you can find a tax calculator anywhere on line basically check out these websites they can help http://www.irs.gov/individuals/article/0,,id=96196,00.html"

Where can I find a 1040 form tax calculator for 2011?

Description : Where can I find a 1040 form tax calculator for 2011?

Last Answer : You can find the 1040 form tax calculator for 2011 on certain websites. It can be found on www.efile.com/tax-calculator/tax-estimator/ and www.bankrate.com/calculators/tax.../1040-form-tax-calculator.aspx.

Where did my 401K go?

Description : Where did my 401K go?

Last Answer : Didn’t you keep any of your annual statements? Did you roll it into your next employer’s plan?

i would like to withdraw my 401k i lost my job and have no income coming in so how i go about applying?

Description : i would like to withdraw my 401k i lost my job and have no income coming in so how i go about applying?

Last Answer : Simply contact the bank that manages your 401k. You will have some early withdrawal penalties but they will be able to handle this.

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.

Is this a smart idea, to take a loan out of my 401k for?

Description : Is this a smart idea, to take a loan out of my 401k for?

Last Answer : answer:I think you should start a side fund, if you can, to save money for your venture, rather than to touch your 401K. I was in a financial pinch a while back for about the same amount of money and ... s something that can wait a month or two for you to pull together the money, I'd wait and save.

How can I find out whether I have a 401k from an old job?

Description : How can I find out whether I have a 401k from an old job?

Last Answer : There will be someone at the company designated as the 401K administrator, probably in Human Resources or Payroll. Call and ask who that is and speak to that person.

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 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.

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)

can you close your 401k Just stop particpating cash out pay taxes and penality.?

Description : can you close your 401k Just stop particpating cash out pay taxes and penality.?

Last Answer : Of course you can. You just lose all the tax benefits.

I am not sure if I have a 401k but I use to have one years ago how could I find out any information Who would I call ?

Description : I am not sure if I have a 401k but I use to have one years ago how could I find out any information Who would I call ?

Last Answer : If you know what company the 401K was through, you could contact them, if you don't have the company name, contact the employer that you were contributing through and they would have your information and be able to get you in contact with the correct people.

i was told from the 401k retirement that im with in order to file a hardship i have to take out a loan from my 401k is that true?

Description : i was told from the 401k retirement that im with in order to file a hardship i have to take out a loan from my 401k is that true?

Last Answer : That is not true. A hardship determination allows you to make an early withdrawal without paying a penalty. You will however have to pay normal taxes on it.

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.

What are the implications of cashing out my 401k vs. doing an IRA rollover?

Description : What are the implications of cashing out my 401k vs. doing an IRA rollover?

Last Answer : If you cash out your 401k plan you have to pay a penalty as well as taxes. However if you rollover your 401k into an Individual Retirement Account (IRA) then it still continues as a retirement plan. You may also consult a tax professional or financial planner.

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.

Would it be wise to use your 401K to pay off your house?

Description : Would it be wise to use your 401K to pay off your house?

Last Answer : Depends on the interest rate of your mortgage and if you'll incur a penalty for early withdrawal, but generally speaking, no. With regard to the early withdrawal penalty, the magic number is 59 and ½. Let' ... could earn more than 5% if you invest it. But as I say, YMMV, depending on your situation.

How is your 401K doing?

Description : How is your 401K doing?

Last Answer : This past year—it’s value increased between 5 and 6%.

Where can I find any information on guaranteed retirement account proposals and claims of confiscation of 401k funds?

Description : Where can I find any information on guaranteed retirement account proposals and claims of confiscation of 401k funds?

Last Answer : answer:I hadn't even heard the term until you mentioned it. It's all news to me. I did a google search for Guaranteed Retirement Account and found the same links you can find doing that search. So I ... right-wingnuts. I don't know yet, but it's something else to know about'. Thanks for the Q.

Why are businesses rarely offered precious metal mutual funds by their 401k management company?

Description : Why are businesses rarely offered precious metal mutual funds by their 401k management company?

Last Answer : Even in mutual fund market, precious metals are very high risk and may burn even very savvy fund managers

How is your 401K doing?

Description : How is your 401K doing?

Last Answer : This past year—it’s value increased between 5 and 6%.

Can you lose money in your 401K?

Description : Can you lose money in your 401K?

Last Answer : Yes you can. If you’re invested in something, and it loses money, you lose money.

Can you recommend some things I should think about and/or investment opportunities I should consider (e.g. 401k, Roth IRA, etc) and how to decide where to start?

Description : Can you recommend some things I should think about and/or investment opportunities I should consider (e.g. 401k, Roth IRA, etc) and how to decide where to start?

Last Answer : The most important thing is just to start!

How much have you lost in your 401k?

Description : How much have you lost in your 401k?

Last Answer : I have nearly 20 years before I can take anything out so I’m not even looking at it. It would hurt to much. Now would be a great time to be putting money in though, especially if you were strictly dollar cost averaging and not panicking.

What's your 401K looking like this quarter?

Description : What's your 401K looking like this quarter?

Last Answer : Like I wish I’d had followed my own instincts and moved the $$ after I lost the first $10K… But it’s getting better. I just wish I still had what I started out with in April of last year.

How do I track down a 401k from a previous job?

Description : How do I track down a 401k from a previous job?

Last Answer : Contact the accounting department for your ex-company.

I have credit card debt, and a 401k account from my last job that equals that debt, what are my options here?

Description : I have credit card debt, and a 401k account from my last job that equals that debt, what are my options here?

Last Answer : Are you sure about the $2k? I believe you lose more than that because you are looking at taxes + penalties for early withdrawal. I would try to negotiate with the credit cards to get a lower interest rate. Also, if you have any room, try to do a balance transfer (watch out for the transfer fee).

What are you doing with your 401k?

Description : What are you doing with your 401k?

Last Answer : answer:Buy low. Sell high. So buy, buy, buy. This too shall pass. :)

SHOULD I REDUCE 401K DEDUCTION TO PAY CREDIT CARD DEBIT?

Description : SHOULD I REDUCE 401K DEDUCTION TO PAY CREDIT CARD DEBIT?

Last Answer : If your tax savings and 401K investment return combined are higher than your credit card debt interest, then no.

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.

All About Your 401k?

Description : All About Your 401k?

Last Answer : A 401k is a retirement plan that is used exclusively in theUnited States. An employee elects to have a portion of his or herwages diverted in a savings account, or a 401k. Some companiesoffer ... are tax deferrable, any money that you should choose toput aside will be deducted from your yearly ear

Why Should You Complete A 401K Rollover?

Description : Why Should You Complete A 401K Rollover?

Last Answer : There are multiple benefits to saving via a 401K plan. First,you get tax deferral with a regular 401K plan. The amountcontributed to your 401K reduces your current year federal andstate taxes. ... this problem is to perform a 401Krollover. While there are multiple options for a 401K rollover,

401k ira?

Description : 401k ira?

Last Answer : One of the most important aspects of having good financialresponsibility is properly preparing for retirement. To prepare forretirement you will need to set up long term investment goals,maintain your investments ... the other hand, an IRA is madewith post tax contributions. While this may sound

Is there any penalty with a 401K rollover to IRA?

Description : Is there any penalty with a 401K rollover to IRA?

Last Answer : You can avoid penalties doing a rollover, but you have to follow directions completely. There are deadlines that have to be met when requesting the procedure.

Are there any circumstances where I can take an early withdrawal without penalty from a 401K retirement plan?

Description : Are there any circumstances where I can take an early withdrawal without penalty from a 401K retirement plan?

Last Answer : There are a number of restrictions and requirements regarding early withdrawals from a 401K. Additionally, the IRS regulations often change. Your best bet is to discuss your situation with your fund manager or consult with your tax professional.

Is a 401K the same as an IRA?

Description : Is a 401K the same as an IRA?

Last Answer : A 401k and a IRA are different. A 401k is a employer sponsored plan while a IRA is not.

How would I open a 401k account?

Description : How would I open a 401k account?

Last Answer : A 401k is a employer sponsored retirement plan for small and large companies. You can visit sites like Fidelity.com to apply for a 401k account.

Is a 401k account really a good investment?

Description : Is a 401k account really a good investment?

Last Answer : That depends. If you are not a good saver and traditionally spend your money quickly, a 401K is a good investment to make sure you have money when you retire.

How do I open a 401k?

Description : How do I open a 401k?

Last Answer : Go to an investment broker (many banks have these) and open the account. You'll need to decide how much of your paycheck you want to put into the 401k. Note that there is a ... a company sponsored 401k available. Many times your employer will match your contributions up to a certain percentage.