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I would think not, for the simple reason you hav`nt paid any tax on the money to start with.
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∙ 15y ago
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What are the best vanguard funds for a 401k?
There are a variety of vanguard funds for a 401k plan. One of the best is the Vanguard Precious Metals and Mining as well as the Vanguard Total Stock Market Index.
Can your company 401k be lost through bankruptcy of the company?
When you make a contribution to your 401k plan, your employer is required to have that money deposited into your account with the 401k custodian within a few weeks, From the IRS: "if your plan provides for salary reductions from employees' paychecks for contribution to the plan, then these contributions must be timely deposited. The law states that this must be accomplished as soon as it is reasonably possible to do so, but no later than the 15th business day of the month following the payday. If you can reasonably make the deposits in a shorter time frame, you need to make the deposits at that time." Once that is done, most plans ask you to select some investment choices for your money. Sometimes one of the options is Employer Stock. If you invest in your employer's stock, and the employer goes bankrupt then you could loose the amount you have invested in that stock. Depending on what investment options you have available, stock mutual funds, bond funds, money market accounts, the stock mutual fund may also own some employer stock. So if you are invested in that mutual fund, and also have some emplyer stock in your 401k, your risks are increasing. You are dependent on the employer for current income, you have some employer stock in your 401k account, and the stock mutual fund holds some of the employer stock. Add to that if your employer has a retirement plan for you your risks go up dramatically. Keep employer stock in your 401k at a minimum and you will likely do well.
Can employee stock options be converted to a 401K without bad faith before filing a Chapter 7 Bankruptcy?
generally no. the only type of money that can be put into a 401k are payroll deductions, roll ins from other 401k's, traditional or Rollover IRA's and pensions. If the stock options are in one of these plans, call your plans service center to get your plans rules and procedures. It is rare for stock options to be in one of these plans. Also stock options have no real value until you exercise them (buy the stock).
Is it adviseable to move my current 401K to an FDIC insured institution?
If you withdraw from your 401k it might come with a penalty. It might be wise to leave your money in and ride the wave back up when the market rebounds. So is there any way to not be penalized to withdraw from 401k with out a medical reason?
Can you sell a stock and buy it back on the same day?
It is possible to do that, but whether an individual can do that depends on their access and how they are trying to buy and sell. For instance, even though you own the stock in your 401K, you would likely not be able to make such a trade, because requesting the trade through your 401K would take too long.
Can you deduct the loss on your 401k on your taxes?
No, this is the offset of not having to pay taxes on 401K profits. Save
What are the best vanguard funds for a 401k?
There are a variety of vanguard funds for a 401k plan. One of the best is the Vanguard Precious Metals and Mining as well as the Vanguard Total Stock Market Index.
Can you deduct losses on your 401k on yearly tax return?
No these amounts are only paper losses and you never have reported the deferred compensation amounts on your 1040 Federal income tax return as taxable income and never paid any income taxes on the amount so you do not have any cost basis in the 401K plan YET and these transactions losses or gains are only taking place inside of the 401K plan each year. This is the same thing that happens in the year that you have gains inside of your 401K plan you do NOT report the amount of gains as taxable income on your income tax return either because the transaction are taking place INSIDE of the 401K plan.
What services does the website Fidelity offer?
The services that the website Fidelity offers is stock trades, and pretty much anything that has to do with the stock market. They also allow you to roll over a 401k.
What percentage of the stock market comprises 401K contributions For example today the S and P 500 is at 1455. How many of those points are from retirement contributions?
According to Fidelity, the average 401(k) balance was $69,100 at the end of 2011 ( http://bucks.blogs.nytimes.com/2012/02/23/fidelity-finds-slight-rise-in-employee-401k-contributions/). If there are 100 million contributors, which I consider an upper limit, that total valuation is approximately $6.9M millions ($6.9 trillion). According to Seeking Alpha, world stock market value in March 2010 was $49.1 trillion down from a December 2007 peak of $61 trillion (http://seekingalpha.com/article/199294-world-stock-market-value-reaches-20-month-high). Therefore, one possible upper limit percentage of 401k value to total market value would be the maximum 401k estimate of $6.9T divided by the lower total market value of $49T or ~14%. However, I would consider that to be a fairly significant overestimate considering that the market has gained some value back since 2010 and that I don't believe there are 100M 401k accounts in existence.
How much does the IRS allow you to deduct of salary for a 401k?
For 2008 you may contribute the LESSER of: 1. Your total income for the year, or 2. $46,000
What services does fidelity.com offer?
Fidelity offers a variety of financial services to the public. They offer retirement planning, advice on 401K, as well as helping their members invest wisely in the ever changing stock market.
Can you receive unemployment benefits while receiving 401k benefits in Texas?
Yes, but it is possible that Texas MAY deduct from your unemployment benefits that portion of your 401k that was contributed by the employer. Check the Related Link below and the Texas 'office to determine their criteria.
Can your company 401k be lost through bankruptcy of the company?
When you make a contribution to your 401k plan, your employer is required to have that money deposited into your account with the 401k custodian within a few weeks, From the IRS: "if your plan provides for salary reductions from employees' paychecks for contribution to the plan, then these contributions must be timely deposited. The law states that this must be accomplished as soon as it is reasonably possible to do so, but no later than the 15th business day of the month following the payday. If you can reasonably make the deposits in a shorter time frame, you need to make the deposits at that time." Once that is done, most plans ask you to select some investment choices for your money. Sometimes one of the options is Employer Stock. If you invest in your employer's stock, and the employer goes bankrupt then you could loose the amount you have invested in that stock. Depending on what investment options you have available, stock mutual funds, bond funds, money market accounts, the stock mutual fund may also own some employer stock. So if you are invested in that mutual fund, and also have some emplyer stock in your 401k, your risks are increasing. You are dependent on the employer for current income, you have some employer stock in your 401k account, and the stock mutual fund holds some of the employer stock. Add to that if your employer has a retirement plan for you your risks go up dramatically. Keep employer stock in your 401k at a minimum and you will likely do well.
How can I use individual stock futures online?
The best way to define and use individual stock markets on line is to consult the aide of a qualified, credible on-line stock brokering agency. Many employers offer their 401K plans through agencies that also provide individual stock market assistance. For example www.vangard.com. However,it is recommended that you research such companies carefully.
Can employee stock options be converted to a 401K without bad faith before filing a Chapter 7 Bankruptcy?
generally no. the only type of money that can be put into a 401k are payroll deductions, roll ins from other 401k's, traditional or Rollover IRA's and pensions. If the stock options are in one of these plans, call your plans service center to get your plans rules and procedures. It is rare for stock options to be in one of these plans. Also stock options have no real value until you exercise them (buy the stock).
Can stockholders be w2 employees?
Yes, if you work for a company and get compenstated in stock as part of your position or through your 401k.
