Your 401k may be one of your biggest retirement savings tools. But how do you use it? Covered in this video are the 401k withdrawal rules, how you can access and use the money you’ve saved up, and alternative options like completing a 401k rollover to an IRA.
Website:
FB:
LinkedIn:
#401kwithdrawals
#401kwithdrawalrules
#retirmentincome…(read more)
LEARN MORE ABOUT: Qualified Retirement Plans
REVEALED: How To Invest During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Thanks!!
Brandon changed the RMD rules for retirement accounts that goes into effect in 2028. Now retirement accounts are capped and one has to take an RMD no matter what your age if your account is "too big". This is in the Biden Build back better plan part 1 written by Senator Wyden (Oregon) and Congressman Neal Taxachuusettes. I flippin live in Texas and did not vote for any of these people or for their changes. Thanks Oregon and Mass and Brandon. They need the cash for all of Congress wasted spending.
So I'm 59 and a half just barely, but lawyer friend said I need to wait another month for some reason. Please let me know if this is true.
What is the maximum amount of money I can contribute to my 401k every year ?
I wish you would go right to what 90%* of withdrawers need to know. What is my minimum amount and I never heard this.
Can i get my money back if i quit?
Thanks
Thank you so much for helping me to recover my money back from all this fraud and scam you're the Best out here. #Splinthack
you dont touch it
they take it out of your check
All thanks to #Splinthack who helped me to recover my money back he’s the best out here..
All thanks to #Splinthack helping to withdraw my money back he’s the best recovery agent out here.
Wall street is getting all my 401k and there will be nothing left when I go to try and get it. I hate 401k and it's just a way businesses pay less to employees. There will be nothing left. I am giving my money away and I have no control over it. People who dump all their money into 401k are just going to loose it. Look up the word depression because it's happening and it's going to last quite a long time.
Excellent— everything I wanted to know, BUT wasn’t told by my 401(k) servicer!
I took money out of mine to pay bills ! I payed taxes! Will I also have to pay Ohio State Taxes? I had her take some anyways just incase! I am 64 ! Any help please ? Ty for the video !
IRS Rule of 55 worked great for me with no penalty.
Thank you great vídeo. Can you please go into how much a person should take out a year to keep them from paying a lot of taxes.
If any PPT is getting 55 this year on 11/22/2022 as DOB of PPT is 11/22/1967 however terminated or retired on 02/10/2022 (this year) and wants to take distribution before November 2022 then what code will be applicable for distribution??
I haven't paid into my 401k since covid ..2021.. I'm still employed. Didnt pay into it during 2020-2022..I did receive unemployment for a full year 2020-2021, but didn't invest in 401k. Where do b I go from here??
Well… I'm wanting to withdraw from my 401k… shit…I need my $$$ now!!
I REALIZED THE SECRETE TO MAKING MILLIONS, IS SAVING FOR A BETTER INVESTMENT. I ALWAYS
TELL MYSELF I DON'T NEED A NEW MASERATI OR AN EXPENSIVE VACATION JUST YET.
THAT SINGLE MINDSET HELPED ME TO MAKE MORE MONEY INVESTING.
I MAKE STEADY WEEKLY PROFIT. I ALSO WORK? IT IS GOOD
TO HAVE MORE THAN ONE STREAM OF INCOME.
Fact remains, though the 401k is one of the safest retirement plans, it is not a particularly a good option. Better strategy; Live below your means, Invest 20-30% of your income into the stock market but of course, be well informed about where you want to put your money… I made my first million earlier this year from stocks alone with about 550k after I dissolved my 401k and added little cash (through the help of a pro though). Greatest decision I ever made.
Damn 401k sounds so terrible.. smfh
Thanks!
All these rules on ur money plus you might not even live that long… invest ppl
So how much will they deduct from your 401 at the age of 59.5 is it 20% ?
When I called they told me I would pay 20% up front as tax with out penalty and my tax bracket or income bracket of course will go higher so I will get taxed again. Whew !
My dad left my mom shortly after turning 59 already had number 2 waiting apparently.. and bought a new home all in the same year and now I know why damnnn
with alot of us getting hit with financial problems , waiting for 55 or even 59 is sometimes very hard. its crazy right now for some of us.! this cov 19 is a financial disaster designed by the market.
anybody under 30 years of age should stay the hell away from this 401K thing…
How do you think about personal spending? Being 70 and having lived through mowing grass, painting houses, pumping gas, paying for college, 4 kids, a divorce, layoffs, downsized, Obamacare
NEVER NEVER NEVER EVER START A 401K. NEVVVVVVVVVVVEEEEEEEEEEERRRRRRRRRRR
What do you know about 403b?
The retirement age is always going up. Save save save they tell you. The fact is you can’t take money to the grave. Live for today and tomorrow. Save a little vacation a little
Why take my 401K (no charge or fees) and roll it over into a IRA where brokers charge ($2300 a year) or more to manage. Wouldn’t I be money ahead by managing my 401K properly.
What is roth 401k?
Judging from the title of this clip I had hoped of gleaming some information I wanted answers to. Did I miss something, I'm not catching the part about the process of removing money from your 401k for use. What taxes to expect, are taxes withheld and what is the process? Thanks, I guess.
I am 74 yrs old, I want to withdraw all of my 401k and purchase a tiny house. Do I still have to pay 25 percent in taxes?
Jumbo jambo. No clear message.