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401(k) Spend It or Save It Calculator

There are several ways to manage your 401(k) balance when you leave an employer. The most fundamental of which is should you spend it or save it? Depending on your age and tax bracket, making the wrong decision can cost you thousands of dollars both in taxes and lost earnings. This calculator helps illustrate the difference.

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14y ago

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Related Questions

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

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/


What are the advantages of using a 401k calculator?

There are many different advantages of using a 401k calculator. They help you understand the financial aspects of your 401k account by calculating your payments and how much you will have by a certain time.


Where can I find an online 401k calculator?

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/


Are there any websites that I can download a 401K calculator to my computer for free?

Yes. Pay a visit to www.autospeak.com/grpsndb/?401k-calculator/. They offer a free download!


When do you spend your 401k?

in retirement


Can I use a monthly payment calculator to figure out how my employer determines my monthly 401k deduction?

You can use a monthly payment calculator to figure out how your employer determines your monthly 401K deduction. A good site that has a calculator is labpixie.


Can I use a montly payment calculator to figure out how my employeer determines my monthly 401k deduction?

You can use a monthly payment calculator to figure out how your employer determines your monthly 401K deduction. A good site that has a calculator is labpixie.


Where is a good, free, online 401K Calculator?

Bloomberg has a 401k Calculator that shows how changes to salary, contributions, employer match, retirement age and rate of return will affect your retirement savings. It is at www.bloomberg.com/invest/calculators/401k.html You can find a free online 401K calculator at moneycentral.msn.com/ or www.bloomberg.com/invest/calculators/


Why should somebody invest in an individual 401k?

A 401K investment is a way to save for retirement. Companies set them up for employee contributions. Automatic deposits into these plans are best, so that the money is automatically deposited, before one can spend it.


What services are offered by save My 401K?

There are many services offered to save your 401k. One should consult with their financial adviser before setting up or making any changes to their 401k fund.


Where can I get advice on 401k calculator tax?

Go to bankrate.com for a lot of great financial tools and tips. http://www.bankrate.com/calculators/retirement/401-k-contribution-calculator.aspx is a great calculator for 401k-related calculations.


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