i lost track of my 401k in 1997 and dont know the company that had the 401k plan
Yes, you can roll over a 401k to a Roth IRA without incurring penalties, but you will need to pay taxes on the amount converted from the traditional 401k to the Roth IRA.
You stay vested without any additional contributions.
First you need to do a 401k rollover to Roth account. You will need to open a Roth IRA account. Do a 401k rollover to a Roth IRA online with any brokerage firm online. If you do find a brokerage firm that wants to charge you a fee to do a 401k rollover to a Roth IRA then pick a different one. You can get more assistance or help with more information by visiting http://hubpages.com/hub/401k-rollover-to-roth-ira
If you know what company the 401K was through, you could contact them, if you don't have the company name, contact the employer that you were contributing through and they would have your information and be able to get you in contact with the correct people.
In general, you can withdraw from your 401k before retirement age, but you may face penalties and taxes. It's best to consult with a financial advisor before making any decisions.
Your 401k's were held by a bank or financial institution and any information about who held them will be useful in your search on the internet.
Yes, you can roll over a 401k to a Roth IRA without incurring penalties, but you will need to pay taxes on the amount converted from the traditional 401k to the Roth IRA.
As a general rule of thumb, you cannot rollover your 401k to another account while you are still with the company. You could cash the 401k account out, but in doing so you could be facing taxes and penalties of over 40%. For more information on 401k rollovers, please visit eRollover.com at the links below.
You stay vested without any additional contributions.
First you need to do a 401k rollover to Roth account. You will need to open a Roth IRA account. Do a 401k rollover to a Roth IRA online with any brokerage firm online. If you do find a brokerage firm that wants to charge you a fee to do a 401k rollover to a Roth IRA then pick a different one. You can get more assistance or help with more information by visiting http://hubpages.com/hub/401k-rollover-to-roth-ira
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.
Without any further information, the task is impossible.
If you know what company the 401K was through, you could contact them, if you don't have the company name, contact the employer that you were contributing through and they would have your information and be able to get you in contact with the correct people.
In general, you can withdraw from your 401k before retirement age, but you may face penalties and taxes. It's best to consult with a financial advisor before making any decisions.
form_title=Roth 401k form_header=Start investing in your retirement by opening up a Roth 401k account. Find a personal finance expert to help you reach your retirement goals! Do you know the difference between a standard and Roth 401k plan?*= () Yes () No Do you currently have money invested in another 401k plan?*= () Yes () No Are you interested in converting a 401k to a Roth IRA?*= () Yes () No Does your employer match your contributions to any Roth 401k plans?*= () Yes () No
Yes, it is possible to sell stocks in a 401k without incurring penalties if the transaction is done within the guidelines set by the plan, such as during a permissible event like retirement or reaching a certain age.
Yes. But it is much better and no taxes will be withheld if you have the trustee do a direct transfer from the 401K trustee to the IRA trustee and you do not receive any of the funds in your hand.