General 401k Questions

401k use for nursing home care

feeds@yuku.com (tnardyh) — Thu, 17 Jul 2008 10:50:39 GMT

Can anyone tell me if 401k money has to be used for nursing home care as if it were personal assets? I would think it would be considered for retirement income only. Say for example I am put into a nursing home; my plan was to have my 401k money available for my wife to live on if I were to pass. I could see it being consumed very quickly for nursing home fees; thus potentially leaving little for my wife. She does have her own 401k, but not as much. Are there ways to put it into trusts,...

PLEASE HELP! Can i use 401k for eviction

feeds@yuku.com (tashish1980) — Tue, 15 Jul 2008 11:49:57 GMT

I'm stuck. My boyfriend (live together) lost his job and we have an eviction notice if don't pay by 24th of July we're on the street. I looked it all up online finding an article on business week from last year saying apply for a hardship. It said even if employer didn't apply for hardship offering it would be ok with proof of evicition faxed in. We called Mutual of Omaha and they said the employer didn't have the hardship option and that unless he's dead or fired he...

tracking a 401K

feeds@yuku.com (jparks) — Mon, 14 Jul 2008 05:11:21 GMT

20+ years ago I works for a company in Atlanta. They have sold out and I have moved a bunch. Wanted to find what the 401 was worth and who is holding it. Do I dig through old files or is there an easier way?

Previous Employer Problem

feeds@yuku.com (shana) — Wed, 02 Jul 2008 13:08:40 GMT

I called my previous employer to request that my 401k be rolled over to an IRA w/ another investment company. I was told that I still showed as an active employee, even though I left the company back in 2002. Supposedly this is being "researched," but is there anything else I need to do to get this rolling along and taken care of? Thanks!

Rollover to IRA, or keep in 401k?

feeds@yuku.com (investor) — Tue, 01 Jul 2008 04:51:41 GMT

I left company NotSoGood, and have started working at company ReallyAwesome. The question is whether 1) I should keep my 401k at NotSoGood, 2) rollover the money into ReallyAwesome's 401k (I have started contributing) or 3) rollover the money into an IRA. I ran a quick test, and it seems from a rudimentary compound interest simulation, it doesn't matter what I do assuming the same performance. I know that "assuming the same performance" is really the question.

...

2 Plans

feeds@yuku.com (Steve Wendl) — Fri, 27 Jun 2008 07:24:32 GMT

Can a company have two 401k plans for employees? I know they are limited to $15,000.00 a year in contributions.

How long does an employer have to distribute 401k funds

feeds@yuku.com (First2Ask) — Tue, 24 Jun 2008 16:12:33 GMT

I was under the impression they had 30 days from the end of the current fiscal quarter to return unpaid 401(k) funds to employees whose employment ended during that quarter. I am now being told that there is no legislation on this matter, and my search for the truth is distorted and fruitless.

My balance is not very high, I made more than the sum I am eligible for in 2 months of employment (or in some cases, a single income tax refund). This is not why I quit, but I definitey...

Multiple 401ks

feeds@yuku.com (cotton) — Sat, 14 Jun 2008 08:30:28 GMT

I stopped working at company A 2 years ago. I kept my 401k in place. I plan to start working again at Company B soon, which has a 401k. Can I keep the old 401k and start a new one?

Former employer say they made mistake, I owe $$$$$

feeds@yuku.com (thiblet) — Sun, 08 Jun 2008 16:39:24 GMT

The company I used to work for had a 401K plan. They were purchased by another company and subsequently I was laid off. I kept my 401k in the plan because it was doing so well. At the end of last year I was contacted that my 401K plan was going to be moved if I didn't do it first. I moved it.
A couple of months ago I received a letter from my former employer stating that they made a mistake - they had put too much money into my 401K and now I owe them over $600. The letter...

I need advice. I am 18 y.o. and looking to invest in a 401 (k)?

feeds@yuku.com (shawnnamartin89) — Fri, 06 Jun 2008 09:57:31 GMT

Hi, I am an 18 year old soon to be college student. I recently, recent as in yesterday, was offered employment with US Bank. They offered me a job as a non-exempt 20 hour a week employee meaning I qualify to be a part of the companies benefits packages including 401 (k). I will only be making about $180 dollars a week a figured that if I could invest $40 a month into the plan that it would be an okay start. The company also does a 100% matching program so that after one year of me putting...

I need major help! 18 years old and investing in a 401 (k)?

feeds@yuku.com (shawnnamartin89) — Fri, 06 Jun 2008 09:30:10 GMT

401k with brokerage option

feeds@yuku.com (smauliew) — Thu, 05 Jun 2008 20:13:49 GMT

Can someone show me how to transfer an existing 401k plan with brokerage options. Which company offers this kind of retirement service and what is the possible administration fee for plan of $800,000 and 3 employees. Appreciate any reply.

Prenup

feeds@yuku.com (RDW49) — Thu, 05 Jun 2008 15:16:29 GMT

have a client who is an attorney but not familar with 401k law! She has a prenup with soon to be spouse! Once they are married does the pre-nup take precedence over the normal irs rule that the surving spouse gets the 401k assets?

Withdranwing to buy a house

feeds@yuku.com (dre77072) — Thu, 05 Jun 2008 14:54:58 GMT

Hi, question is, Im 25 yrs old and am planning on moving back to my hometown. Ive got almost 40,000 in my 401K. If I do move back to my hometown I was planning on selling my house where Im at now and using the profits as a down payment and rolling over my 401K. But now I am wondering if when I leave my job if I can completely withdraw my 401k and use it and my profits off the house to buy a new house. I understand that I will face early withdrawal penalties but how much and when??? Or is what...

Sar/Sep

feeds@yuku.com (Beliluk) — Thu, 05 Jun 2008 08:51:45 GMT

Can you roll a SAR/SEP into a 401k plan? Also, why did you get rid of the rollover information on your latest retirement plan comparison sheet? You replaced that with distribution information...that is while interesting, is much more straightforward then the rollover rules. Please bring them back!

Thanks, geat site and great info!

Looking for Magazines That Specialize in Retirement Plans

feeds@yuku.com (Scathach80) — Tue, 03 Jun 2008 15:59:16 GMT

Anyone know the names of any magazines that specialize in retirement plans as subject matter? I have about a handful of library cards, so access to Infotrac is not a problem, but I want to restrict my search to know magazines that specialize in retirement plans.

Franchises and Retirement Plan Coverage

feeds@yuku.com (Scathach80) — Sun, 01 Jun 2008 16:35:14 GMT

How do franchises affect retirement plan coverage issues? As I understand franchises, the main company serves as a supplier, with certain expectations of levels of quality from the stores or restaurants.

2 jobs

feeds@yuku.com (bigs) — Wed, 28 May 2008 17:45:21 GMT

I have two jobs at the same time.Can I contribute the full amount in both 401k plans?

contributions not being deposited - should I contact DOL?

feeds@yuku.com (tbone72) — Tue, 20 May 2008 18:03:50 GMT

Hello, everyone:

My basic situation is that I have been having 401(k) contributions withheld from my paychecks since December of last year, and only the 1st paycheck's contribution has been deposited so far (in March).

Now, a little background and detail. (Sorry for the long-windedness, but I wanted to be clear in order to get some appropriate opinions.)

My previous company was purchased by this new company in November of last year. In March, I was able to...

Unique 401k Issue

feeds@yuku.com (Cleffer) — Sat, 17 May 2008 15:01:38 GMT

Here's the crazy situation...

I have a 401k that currently only contains about 15k. I am leaving my employer of 15 years. My new employer also offers a 401k plan however I do not know the vesting percentages available to me when I first start. Yesterday I found out that I need to move. My Landlord is unfortunately passing away and the children are dissolving the business. I want to buy a house, but I don't want to pay substantial penalties for withdrawal. I would like to use...