Roth IRA, Traditional IRA, 401K » plans

401k, Can the government change the tax rate on 401k plans in the future?

admin — Fri, 02 Jul 2010 21:19:37 +0000

I know that the government has changed the distribution age several times in the past on 401k plans but I was told that the government could change the tax rate anytime and for any amount.

Generally speaking, do most 401k plans allow the participant to invest in individual stocks?

admin — Wed, 30 Jun 2010 00:33:20 +0000

And by individual stocks, I don’t mean the company’s stock. I’m talking about non-employer stocks traded on an exchange.

In addition, do most 401k plans allow the participant invest in any mutual fund of his/her choice? Or do most 401k plans offer only a limited mutual fund selection?

*I know plans vary. But, this is just a general question.

Are IRAs and other retirement plans protected from collection agencies?

admin — Sat, 03 Apr 2010 02:19:24 +0000

I would like to begin (or increase) my savings for retirement. What types of retirement plans (401ks, IRAs?

admin — Sun, 28 Feb 2010 16:32:54 +0000

ect.) might be best for my personal situation? Could someone explain the plan that is more important and why this plan is best for me.

Do 529 education savings plans have any advantages over Roth IRAs?

admin — Wed, 27 Jan 2010 02:29:30 +0000

I know that I can take money out of a Roth IRA tax free for education expenses and that the money in a Roth IRA grows tax free, so why would I want a 529 instead?

What is the maximum yearly contribution to 401k plans?

admin — Sun, 29 Nov 2009 20:26:50 +0000

The limit for a Traditional 401k is $15,500/year, and the limit for a ROTH 401k is $4000/year. However, this year I put $3000 in my Traditional, and $1500 in my ROTH 401K, and Turbotax says I am over my legal limit. There seems to be a conflict in the tax code, so I must be misunderstanding something. Even my payroller and retirement account company are confused.