I’m 57 1/2, Can I Start Taking Money From My 401k?
April 16, 2010 by Pete Mitchell
Filed under All Posts, Everything IRA, IRA, Your 401(k)
This is kind of a funny little question. About 329 people asked this. “I’m 57½ and I’m retiring from my company. Can I start taking money out of my 401k?”
Can I Roll My 401k into a Roth IRA?
April 9, 2010 by Pete Mitchell
Filed under All Posts, Everything IRA, Your 401(k)
This question comes up more times than I can count. Can I roll my 401k into a Roth IRA?
And the simple answer is, not directly, but indirectly you can.
When Can I Make Withdrawals From My 401k?
April 1, 2010 by Pete Mitchell
Filed under All Posts, Your 401(k)
When Can I Make Withdrawals From My 401k? Right now I have been getting a lot of questions from people asking, “When can I start taking money out of my 401k?” I think a lot of it has to do with the current state of the economy and people are just trying to find more [...]
Can I Use My 401k to Buy A House?
March 31, 2010 by Pete Mitchell
Filed under All Posts, Your 401(k)
One of the questions I get is, can I use my 401k to buy a house? Now every Realtor that’s on my list hates my answer. Because my answer is, yes, you can use your 401k, but you probably shouldn’t.
How Much Can I Contribute to My 401k?
March 30, 2010 by Pete Mitchell
Filed under All Posts, Everything IRA, Your 401(k)
One of the questions that I get a lot is, “How much money can I actually contribute to my 401k?”
The answer to that is a little bit more complicated but I’m going to give you the loose guidelines, if you will. The basic guideline is this: You can put away, as an individual, $16,500 a year into your 401k. Now, if you’re age 50 or older, you’re able to do a catch-up of an additional $5,500 per year into your 401k.
