401K

 401K Retirement Savings

Get Started Login

401(k) Plans: Key Information

Accuracy & Organization

Withdrawal Rules

Required Minimum Distributions

401(k) Plans: Penalties and Rollovers

RMD Failure

Excess Contributions

Rollover Rules

Roth IRA: Essential Guidelines

Contribution Deadlines

Withdrawal Rules

Penalties

Traditional IRA: Key Points

Contribution Deadlines

By tax filing deadline for previous year.

Early Withdrawal

10% penalty before 59½, plus income tax.

RMDs

Start by April 1 after turning 73 (2024).

Traditional IRA: Penalties and Rules

RMD Failure

Excess Contributions

Rollover Rules

Switching Between Retirement Accounts

401(k) to IRA

Possible upon leaving employer. Direct rollovers avoid 20% withholding.

Traditional to Roth IRA

Anytime. Taxes owed on converted amount. No early withdrawal penalty.

More Account Switching Options

Roth to Traditional IRA

Not allowed.

IRA to 401(k)

If 401(k) accepts rollovers. Only pre-tax IRA funds eligible.

401-K Contribution

$23.5K

Ages 50 and bellow

$31K

Age 50 and above

$34.75K

Age 60-63 and above

The Individual Retirement Account (IRA) contribution limit for 2025 is $7,000

Share by: