The IRS has a lot more generous rules than what our plan allows us to do
ups 401k
- Thread starter Jkloc420
- Start date
Jkloc420
Do you need an air compressor or tire gauge
30 percent altogether, the state gets their to
I don't know if I withhold state tax or not? I really don't know
Jackburton
Gone Fish'n
Yeah, I couldn’t remember last time I check. Not sure why our government is allowing people to do this without forced withholding. The penalty I get
Me personally I'm not going to mess with my 401k besides turn it up and add more money to it same with my Roth
Jkloc420
Do you need an air compressor or tire gauge
i am talking aboutp before age 59 if you take it out
Depends on what your states tax rate is. 20% federal. But I do not know if it withhold the state tax on a withdrawal from a 401k plan
We need someone who is retired and withdrawing from their 401k to answer this question
Jackburton
Gone Fish'n
I’ve been maxing mine but my trading account got smushed. Would be nice to clean up the retirement account and get rid of that small position that’s taxable in there. Just looking to offset some taxes and make the best of a
ty situation.I really don't want the answer is. I'm trying to maintain my investing strategy doing a wee little bit of day trading and trying to keep a little cash on the sidelines for when the market retests it's lows againI’ve been maxing mine but my trading account got smushed. Would be nice to clean up the retirement account and get rid of that small position that’s taxable in there. Just looking to offset some taxes and make the best of a
Jackburton
Gone Fish'n
I got caught in the oil collapse, so looking at a huge loss. I think we’ll see sub 20k Dow again soon. Once reality sets in that people aren’t going to have jobs to go back to, I think the market will react, even being propped up by the fed can only last so long.
I didn't get suckered in the buying some BP stock and so far some pretty well we shall see what happens after that
Rack em
Made the Podium
You still putting money into the S&P500? I got a lot of my money there and I haven't moved it yet, but I really want to!
Don't touch anything. If you can add some more to it.
Rack em
Made the Podium
I already went up 5% (2.5% traditional 2.5% roth).
Do a little more if you can afford it.
Rack em
Made the Podium
You are a bossy mother
er. Good thing you're a lowly preload supervisor.I got promoted the car wash supervisor so go shove it sidewaysYou are a bossy mother
brownmonster
Man of Great Wisdom
20% federal if you call for an occasional withdrawal. If you set up a monthly withdrawal you have the option of filling out a W4 for withholding. You can choose to have state taxes taken out but not required. Per the last time I called them.
