or Connect
New Posts  All Forums:

Posts by mkarim

Same rules apply, except that you won't be taxed when you roll over 401K funds into it. You'll be taxed whenever you withdraw from it.
The $17,500 is the annual limit is for contributing to your 401K. You can only rollover your 401K after you leave a company. The annuak limit to CONTRIBUTE to a Roth IRA is $5,500. However, when you leave a company you can rollover your entire 401K money into a Roth IRA as rollovers are not subjected to the $5,500 annual limit. However, if your 401K contributions were pre-tax, you'd have to pay taxes on rollover funds; if your 401K contributions were in Roth 401K format...
+100
...especially when people travel overseas and want to go to McDonald's AND accuse you of being unpatriotic if you prefer to eat the local cuisine. I just don't get that..
A better long term solution would be to form a committee that works with Midwestern states to develop a set of procedures to deal with these situations in the future. It would be good to leverage their knowledge and expertise that had been fine tuned over decades to come up with a solution that could be implemented within the state
+100
+100
+100
Why not? Granted, you are restricted to the mutual funds in the Plan, but its not a bad way to shield that money from taxes until you are ready to roll them into a Roth. If one doesn't like any of the stock mutual funds, one can put the money in a money market mutual fund in the Plan.
What type of fragrance is it? I'm a relative newbie.
New Posts  All Forums: