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The Taxation professionals at ExpertsLand can answer your 401 k questions like:

  • This feb I will be turning 70, I am planning to work for 5 more years. Currently i have approx $750K in my 401k account. I need to know am I required to withdraw a certain amount from my 401k account each year I am working.
  • My name is Rita I recently joined a company, before joining my employer asked me which plan I want to choose 401K or 403(b) once i join. I don't know anything about these plance but I am sure it is related to tax. what is the difference between 401k and 403(b).
  • i am 30 and earn $75,000 per year, never expect to receive a raise, and plan to retire at age 65. If i invest 7% of my salary in a 401(k) plan returning 10% annually, and the company provides me a .50cent per $1.5 match on my contributions up to 2.8% of my salary, what is the estimated future value? Once i retire, how much can you withdraw monthly if i want to deplete your account over 30 years?
  • I have a 401k from my past employer. How can I roll it over to my new employer within the same state, or is it ok if I keep investing in an IRA?
  • I Want to open an individual 401K for my sole proprietorship business. This year I employed two persons for a total of about 115 hours each. Does this disqualify me from opening this type of account?


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