Employers also can make contributions to this type of plan.
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.
The Charles Schwab 401k is an excellent choice for retirement. This is especially true for those who like to be in control of their investments and are financially literate.
Try this website:http://www.fundadvice.com/401k-help/401k-plans/401k-safeway.html
The 401k is not taxed but the Roth 401k will be best in the long run as the money you get out wont be taxed then.
Contracom
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.
The Charles Schwab 401k is an excellent choice for retirement. This is especially true for those who like to be in control of their investments and are financially literate.
Try this website:http://www.fundadvice.com/401k-help/401k-plans/401k-safeway.html
The 401k is not taxed but the Roth 401k will be best in the long run as the money you get out wont be taxed then.
Contracom
You can rollover your 401k by applying for or opening a new 401k through your new employer. You don't have to do it though. Withdrawing from your 401k will result in penalties.
A 401k and a IRA are different. A 401k is a employer sponsored plan while a IRA is not.
Yes, You can lose Money in a 401k
The difference in a Roth 401K and a regular 401K retirement is perhaps the benefits that they bring out. They might also have different rates and requirements.
You can make a withdrawals with your 401K however you will have to be aware of the fees that are charged from the 401K.
i lost track of my 401k in 1997 and dont know the company that had the 401k plan
You own your 401k so when you leave your employer you still own your 401k. You can either leave it where it is or you can move it to which ever company manages the 401k investments for your new employer. how do i git access to my 401k from this company so i can transfer or cash it in.