WOW...
No, you do not have to be 21 years old to have a 401k.
For a married couple filing jointly, the maximum 401k contribution limit is 38,000 in 2021.
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
WOW...
No, you do not have to be 21 years old to have a 401k.
For a married couple filing jointly, the maximum 401k contribution limit is 38,000 in 2021.
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.
For married couples, the 401(k) contribution limit is 19,500 per person in 2021. If both spouses are under 50 years old, they can each contribute up to this limit, totaling 39,000.
If you max out your 401k for 20 years, you could potentially save around 1 million, depending on your contributions and investment returns.
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 generally have to be at least 59 and a half years old to take money out of a 401k without facing penalties.
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!