Can I withdraw ROTH 401K somehow?

[IVE GOTTA PACKAGE 4U]

Taxes are a real hardship.

Go complain to the IRS.

 

[DriveInDriveOut]

You might be better off investing that conversion tax money instead of gibigi it to Uncle Sam.

ira and 401k are gonna max, uncle sam gonna get a cut one way or another

 

[IVE GOTTA PACKAGE 4U]

ira and 401k are gonna max, uncle sam gonna get a cut one way or another

Tax free municipal bonds..

 

[DriveInDriveOut]

Tax free municipal bonds..

Bonds?
P*

 

[IVE GOTTA PACKAGE 4U]

Bonds?
P*

Good way to make a klittl extra income tax free. Can't have everything into stocks.

 

[1989]

Bonds?
P*

 

[Jkloc420]

So I'll get a stepped on sandwich tomorrow afternoon, thanks for nothing

ask gumby he is delivering it

 

[IVE GOTTA PACKAGE 4U]

View attachment 192074

Be careful if you own that in a 401k or an ira

 

[1989]

Be careful if you own that in a 401k or an ira

Outside a retirement account. It’s an MLP.

 

[IVE GOTTA PACKAGE 4U]

Outside a retirement account. It’s an MLP.

I know what it is. But if you own to much in an IRA OR 401K it will viod out it's tax status .That's why I mentioned it.

 

[DriveInDriveOut]

View attachment 192074

That one of them 'Freedom Checks' I keep hearin' about on the AM radio?

 

[1989]

That one of them 'Freedom Checks' I keep hearin' about on the AM radio?

Was about $70 last year this time. Many say that the sell off is temporary.

 

[brown_trousers]

No down payment or MIP tends to make the 3% sound pretty good.

Only for someone who hasnt saved. Even with a 5% downpayment, you would be better off going to a conforming mortgage. It would come out cheaper and you could buy out of MIP with LPMI for just a couple thousand.

 

[donthatetheptpds]

My wife and I are currently going through the process to buy our first house and was planning on using my 401K for the closing costs. Yesterday, I call Prudential Retirement and they tell me because it is a ROTH 401K I can't withdraw it, transfer it, take a loan from it, or even a hardship Unless I quit or am 59+ years old..

Is this right? No one at UPS told me that there would be this extremely stupid plan, nor did I know there would be this stipulation in this 401k or else I would've changed it a LONG time ago.

Is there anything at all I can do?

So let me ask you? When did ups become a financial planner? They offer it, it's up to you to RESEARCH what the difference is.

 

[Yaba Daba Do]

Why do they cap you at 35% contribution rate per week? I max out my ROTH 401k and like to do it as soon as possible but with only being able to contribute 35% a week it still takes me half a year to reach the $18,500. I would prefer to contribute more per week and get it done faster, then get full paychecks the rest of the year.

 

[Brownslave688]

Why do they cap you at 35% contribution rate per week? I max out my ROTH 401k and like to do it as soon as possible but with only being able to contribute 35% a week it still takes me half a year to reach the $18,500. I would prefer to contribute more per week and get it done faster, then get full paychecks the rest of the year.

You'd be smarter to spread it out equally over 52 weeks.

 

[Yaba Daba Do]

You'd be smarter to spread it out equally over 52 weeks.

On average, over the long term, lump sum investing outperforms dollar cost averaging.

 

[IVE GOTTA PACKAGE 4U]

On average, over the long term, lump sum investing outperforms dollar cost averaging.

Just imagine if you put it all in at the beginning of this year versus right now.

 

[Jkloc420]

you can get it If you quit 2

 

[Yaba Daba Do]

Just imagine if you put it all in at the beginning of this year versus right now.

Yeah but if you did it last year it would have payed off nicely and more than offset this year. In the long run the stock market will go up not down that's why people invest in it. While in the short term there will be fluctuations and you can't predict it in the long run you will come out ahead. You can't time the market and dollar cost averaging is a way of timing the market. I'd prefer to just put the money in when i have it instead of spreading it out over a period of time.