401k Withdrawal Rules
The tax law inflicts a 10% penalty on certain distributions or early withdrawals, from 401k retirement plans. Yet, 401k withdrawal rules also state that higher education expenses, hardships and buying a first home are some...
401k Withdrawal for Home Purchase
Withdrawals from your 401k retirement plan should be strictly made in cases of emergency only. This Buzzle article tells you all about its rules as well as implications.
401(a) Vs. 401(k)
401(a) and 401(k) are types of retirement plans under the respective sections of the Internal Revenue Code (IRC). The 401(a) vs. 401(k) comparison is given in the Buzzle write-up below.
What is a Vested Account Balance?
A vested account balance is one of the two retirement account balance components that forms a part of your retirement planning. Buzzle will tell you what a vested account balance is.
Penalty for Early Withdrawal of 401k
Many people end up withdrawing their 401k funds prematurely owing to their financial needs. Due to this early withdrawal, the government imposes a penalty on you. Yet there are some exceptions to the penalty on early distribution...
Highly Compensated Employee
This article explains the concept of highly compensated employee in context of 401k plans, in an easy-to-understand way.
401k Withdrawal Without Penalty
It is possible to withdraw 401K without any penalty, but that happens only in very rare cases. Here is some information on related aspects of its withdrawal.
Borrowing Against 401(k)
Borrowing against 401(k) for making a down payment on a house should be considered only after exhausting all other avenues of procuring loans. This article talks about the pros and cons of borrowing against 401(k).
Difference between 401k and IRA
It is very important to make the financial provisions for your post-retirement life. 401k and IRA are two retirement saving plans available for the workers in the USA. Read on to know the basic differences between these two plans.
Information On 401K Contribution Limits
What is your 401K Contribution Limit all about? Keep reading to know more...