t c asked:

For example, you have $1000 gross paycheck - you withold 3% for regular 401k, and 3% for roth 401k to be deducted. Say for example taxes are $250. So, for the regular 401k the employer would withhold $30 …so after taxes and regualr 401k, the net woudl be $720. Does the Roth 401k calculate based off of the $720, or $750, or $1000?


Question posted courtesy of: Darryl

P I asked:

I am no longer employed to the company for about 2 years now where I have left my 401K. That means I am no longer contributing money into my 401K. Since the Stocks Market is down, Is it advisable to transfer 401k to an IRA now when the stocks market is way down?


Question posted courtesy of: Brent

entrepreneur asked:

Hi, I am muslim and i am contributing into my 401k. But i recently discovered that all my mutual funds in 401k have some kind of dealing with interest. so therefore i cant have that money or contirbut in 401k.This is serious Relegious issue. I am thinking to take that moeny out by hardship and put into mutual funds that are design for muslime. Is it possiable to do that or i am open to any suggestion.


Question posted courtesy of: Calvin

StevenPar asked:

So your company matches a percentage of your contribution to your 401k.
I have heard the speech from my employer’s 401k representative of how a 401k will benefit “you the employee” but when I asked how does a 401k benefit the employer the answer was “Your employer sets up a 401k to show it’s appreciation for it’s hardworking employee’s and that’s also why they match part of your contribution”
I then asked ” The company that handles all the investment made to the 401k, how much money do they make?
What do they charge and who pays that fee? I never got an answer to my question, just the initial speech again. So how does a 401k bebefit a employer. I would think they would have to get some types of deductions that would make it profitable for them. After all, nothing is truely free.
That sounds like the answer my boss would give. I want to know the $$ value.The dedeuctions. Example, no company is going to pay you more money then you earn them. If they did they would go out of business. So if they match your 401k they have to make it up somehow. I want to know how.
Thank you


Question posted courtesy of: Jamie

Champ asked:

I work two jobs, at my full-time job I contribute to my 401k plan but there is no matching contributions. At my part-time job I also contribute to the 401k plan along with receiving matching contributions along with a 10% discount in the stock purchase plan. Should I stop contributing to my 401k at my full-time job and start putting that money into the stock plan at my part-time job?


Question posted courtesy of: Jo

Venturestein asked:

Hi,
I just started a job around 3 months ago. I finally got through my probationary period and now qualify for the companies 401K program. I have never had a 401k before so i am somewhat in the dark regarding several things.
I have been told by several people that since it is close to the end of the year i would be better off just waiting until January to sign up - something about to avoid having to turn anything from it in on my tax return from this year. Is this a good idea?
Does it really matter? Would it make a difference if i signed up now, or just waited 2-3 months?
Thanks!


Question posted courtesy of: Jared