Q: Last week you answered my question about doing a rollover from my 401(k) plan to an IRA. You said that if I am under 59½ and withdraw money from my retirement plan I would pay a penalty in addition to taxes unless I meet certain exceptions. What are those exceptions?
A: the penalty for taking an early distribution from your retirement account if you are under age 59½ is an additional income tax of 10percent added to the regular tax you would pay on the distribution. the 10percent additional …

LadyJag asked: My manager did not notify HR when I went on medical leave, so payroll continued to cut regular paychecks and deposit them into my 401k and bank accounts.Well, I quit my job, and then HR started harassing me about paying the company back. so I wrote them a check for the wages paid me during my leave.Two months later, I get a letter from the company, saying I owe them for what they put into my 401k, including the company match amount. WHY?If I withdraw that money, I …

As Yahoo?s new CEO makes his first move to restructure the Internet pioneer, some investors expect more to happen over the next few weeks, writes Therese Poletti.

MarketWatch First Take: Yahoo job cuts just the start of bigger plan

It’s impossible to predict the financial markets. Why? sure, economists can do a good job explaining what has already happened.? But with millions of variables, it’s impossible to credibly and repeatedly predict how things will move going forward.? does that mean you should give up on trying to do the smart thing with you investments?
Instead, be sure to follow proven strategies.? Although proven strategies such as periodic rebalancing won’t make you immediately rich, they can do wonders to keep you from losing your shirt.? Learn how periodically rebalancing forces you …

By Quentin Fottrell
Question: I attended a community college for around two years and during that time I had a job with a 401(k) that accumulated a modest $2,000. Last August, I had to quit my job in order to attend the University of Illinois at Urbana-Champaign. Now, I am faced with the decision of what to do with my 401(k). the plans administrator recently sent me a letter letting me know that I had to act on the plan and either withdraw the money or they would roll it …

When the Fleigs moved from California to Ohio in 2004 for Chris’s job as a paper salesman, the lower cost of living allowed Tina, formerly a finance director, to become a stay-at-home mom. (They have two kids, Bailey and Jake, now 3 and 6.)
Saving for college and retirement on 1 income

This post is from staff writer April Dykman. before I became a full-time freelancer, I worked for a couple of different companies. Both times I started a new job, it started out exciting and fun. great benefits! cool perks! interesting work! after a year or two, it got harder to get up in the morning [...] …
How to Know When to Quit

We apologize for the inconvenience.
Please make sure to update any bookmarks and check that you didn’t make a typo in the address.
You can use our search box below to find the information you are looking for.
You can also visit our site map or go to one of the following sections:

Home
Politics & Policy
Health
Money
Education
Science
Travel
Cars
U.S. News Rankings

<a href="http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2011/09/14/4-options-for-your-401k-when-leaving-your-jobtag:news.google.com,2005:cluster=http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2011/09/14/4-options-for-your-401k-when-leaving-your-jobWed, 14 Sep 2011 13:47:51 GMT 00:00″>4 Options for Your 401(k) When Leaving Your Job

Many traditional money management concepts or principles, such as saving three to six months of expenses for emergencies, have been passed down to become “rules” of a sort. but given all that’s changed with the economy, old school advice may no longer be relevant. Here are some rules to reconsider, and ones that still stand the test of time.
Old School Thinking that may No Longer ApplySave 3 to 6 months’ worth of expenses in your emergency fund
Squirreling away enough to cover three to six months of expenses in case …

soulravah asked: ………..
I have money invested in my 401K.
if I get fired from work, what kind of taxes will I owe if I need to access my 401K for funds, while looking for a new job?
Thanks!Question posted courtesy of: Gertrude
How can I access my 401K for funds, if fired from work?