401K Financial Planning

Mauby asked:


I have been recently laid off, I’d like to rollover my 401k to an IRA, I have a loan on my 401k that I’ve been paying on while I was employed. My question is do I need to pay that off before I roll it over, and if so and since I’m already 59 1/2, should I just default on it and pay taxes on it next year?
Thank you.

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nikeonefrk asked:


Im 16 and am employed. My employer sent me info and forms for a 401k. My question is what percent of my paycheck should i put into the 401k.

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slickassnot26 asked:


I know that you pay into a roth 401k after tax but isn’t there just a non roth 401k where you get no penalty to barrow against it for certain things?

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bowflex_body2007 asked:


I have a 401k with a former employer that is about to go from public to private. What happens to my 401k if I leave it with the former employer? Am I subject to tax implications from the buyout? Would it just be better to roll over to an IRA?

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