Do 401(k) Deductions Reduce FICA Wages?
FICA taxes are payroll taxes that include Social Security tax and Medicare tax. Like income tax, FICA tax is deducted from your gross pay. If you make 401(k) contributions, those will come from your gross pay before income taxes are deducted, but FICA taxes will be deducted ...
The Best Ways to Buy Gold in a 401(k)
Most 401(k) accounts offer a limited number of investment choices. Usually, you aren't going to be able to call your 401(k) administrator and request a block of American Gold Eagles. However, if your ...Read More
How Do I Close Out a 401K Account?
If you move to a new employer, you can often roll over your 401(k) to that employer's account. You can also roll a 401(k) into an IRA. If you simply take the money without putting it in a retirement ...Read More
How to Use a 401(k) to Buy Private Stocks
You can't always directly buy stocks with a 401(k), depending on how the account is set up. When you leave a job with a 401(k), you will be able to roll the 401(k) over to an IRA at a brokerage of ...Read More
Should I Combine My 401(k)s?
Many people have one or more "old" 401(k)s from jobs they've left. Often these accounts linger, creating paperwork and confusion for their owners. But 401(k) plan owners have several options if they ...Read More
How to Dissolve an Old 401(k)
With employees changing jobs more often, and typically not staying with one employer from the time they begin working until retirement, workers often end up with multiple 401(k) accounts from their ...Read More
How Does a 401(k) Plan Work?
A 401(k) is a tax-deferred savings plan for employees. It is named after the section of the Internal Revenue Code that created it. Employers offer 401(k) plans to recruit, retain and reward workers. ...Read More
How to Invest in Your 50s
If you’re a smart investor, you’re adjusting your investment strategy for each decade of your life. As your earning power changes, and as you get closer to retirement, you should take those factors ...Read More