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You must be 21 years of age to start saving in a 401K plan
money was taken out for 401k years ago from my pay checks how can I fine it
The average 401K savings balance for a 50 year old married couple is about $480,500 on the low end and about $1.2 million on the high end. This is after working and saving for 28 years.
The 2013 401K maximum contribution is $17,500. That makes two straight years of increases after three years of no increases from the IRS. If a person would like to max out a persons 401K in 2013, take $17,500 and divide it by a persons total salary from a persons employer.
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i need to know about my 401k
You must be 21 years of age to start saving in a 401K plan
money was taken out for 401k years ago from my pay checks how can I fine it
As soon as you are married, your 401k belongs to both of you. If the marriage has been relatively short, you might be able to negotiate something less than half in the divorce settlement.
The average 401K savings balance for a 50 year old married couple is about $480,500 on the low end and about $1.2 million on the high end. This is after working and saving for 28 years.
You don't "attach" a 401K. Generally speaking, those assets that accumulate during the course of the marriage are considered marital assets that are subject to distribution based on state laws when the couple divorces. Those assets that each person brings into the marriage remain theirs when they leave the marriage. So, the value of the 401K at the time of your marriage is the value to which your husband will have sole title. The increased value of that 401K during the time you are married is the amount subject to distribution when you divorce. If you are married for one year, odds are that 401K will not be worth a great deal more than it was when you married. The longer you are married, the more time for potential growth in the account. Just because you marry the guy doesn't mean you have a right to everything he had before he met you. So if that's the reason you married him....Ha, ha!
My best answer would be to call the company that has the 401k and start asking them questions. There are also several websites that can help you online with your 401k. Here's one site: https://401k.fidelity.com/public/content/401k/Home/Landing/ You should be able to get the information you need from the websites.
31% for taxes and 2% for your pension/401k
The 2013 401K maximum contribution is $17,500. That makes two straight years of increases after three years of no increases from the IRS. If a person would like to max out a persons 401K in 2013, take $17,500 and divide it by a persons total salary from a persons employer.
You will need to call the number on the 401K plan and find out the fees if any, to remove the money from your 401K.
401K retirement plans are meant to accumulate money throughout the years by interest free deposits. You can withdraw money from your 401K fund if needed, however, their is usually a large penalty fee.