401K Financial Planning

401help asked:

I am currently contributing to my 401k plan at my present job. I don’t like the choices they give me and the brokerage plan charges $18 per trade and $100 a year maintenance fee. Can I continue to fund the 401k plan and transfer the moneys to a Roth IRA or similar plan at another brokerage?


Question posted courtesy of: Walter

kari45385 asked:

I was told 4% was correct, but My pay dropped $20 for the $20 I put in the 401k. That doesn’t seem right. Does anyone know the correct amount?


Question posted courtesy of: Erin

nstirling03 asked:

I want to rollover my 401k to a IRA, but don’t know which company to pick. Please help!

Thank you!


Question posted courtesy of: Jamie

Emily Dew asked:

We recently got a new 401K and need to decide our allocation mix between large caps, foreign and bonds. Not sure if I should take the current economic situation into consideration or just stay the course. Thanks!


Question posted courtesy of: Bill

Bala Gopalakrishnan asked:

I have a 401K that is vested for around 100000 US$ and I am allowed to take it after I leave the employer. I do plan to go back to India. Is it possible to take 15,000 $ per year and avoid paying federal and state taxes ( Since Iam out of country and not a resident + it falls with less income per annum). Is there a penalty that I have to pay while taking money out. I will have closed all my bank accounts except this IRA/401K account and so how would I pay the penalty and any taxes that might occur. Please advice.


Question posted courtesy of: Sylvia

none asked:

I owe 37k on a home equity line of credit, and another 22k on a car loan. The interest rates on those loans arent that bad (7% and 8%) but I am paying a lot in interest every month. I have been putting the max (15%) of my paycheck into 401k. Does it make sense to reduce my 401k contribution to 1% (so I get the company match) so I can pay off loans faster?


Question posted courtesy of: Theodore

Bryan C asked:

My wife’s company just added a 401k and I am considering contributing to it but was wondering if there are limits to max 401k contributions if we file married/jointly? I currently max out my 401k account and I know with our combined income status IRA contributions are no longer tax deductible so I am worried adding to her 401k will bring the same limitation.


Question posted courtesy of: Sandra