I would like to use my 401k to expand my existing business,but am not sure what I have or how to obtain?
612238
First of all, check if you actually have an existing 401k plan.\nHow do you not know what you have/or don't have in your own 401k plan?\nYou can verify for further information by contacting your company.\nAt least 10 years ago, if you were to withdrawl money from your 401k Plan prematurely you can expect to pay 10% early withdrawl fee and taxes accordingly.  I am not certain today  if that is the same. \nCall any financial institution.  A Finacial Advisor or Representative should know this by heart.
117375
Contact your former employers H.R. department.  They should be able to tell you who their 401k carrier is or was during your time of employment.
1125529
Some employers will match a portion of your 401K savings.  Y ou can't do that with an IRA
1176821
I think...your question...is kinda confusing.  There is the Tradional IRA, Roth IRA and 401(k).  I am not sure there is anything such as Tradional 401(K).\n\nif you're talking about 401(k) - you can move your 401(k) from previous employer to your current employer's 401(k) , OR if you want more options, besides 10 or so mutual funds your current employer offers ( or similar number of funds offered by your previous employer ), you will be better off, rolling your 401(k), into a ROLLOVER IRA. Of course, everytime you trade you're going to pay commissions, which may not be the case in 401(K)\n\nif you're talking about Traditional IRA to ROTH IRA : if you meet certain IRS criteria ( such as be Single, or file jointly if you're married and above all have a Adjusted Gross Income of less than 100K. )  If you think you're going to be in the same Tax Bracket as you are today or above that, when you're 50s ( i think 57 or something like that ),  you will be better off, paying taxes on your earnings in your traditional IRA, TODAY,  at your current lower federal income tax  bracket, so you don't have to pay ANYTHING in your ROTH IRA - even if grows to be Billions of $$$$.  As usual, there are the inherent benefits of ROTH IRA - you will not be required to withdraw monies from it ( with Traditional IRA you will be forced to take out money in 50s and pay taxes on it - if you don't you pay penalty ). You can pass on the ROTH IRA to your kids, etc.\n\nAs usual, consult a financial advisor, as each case varies.  \n\nOne more thing....If your considering converting traditional IRA to ROTH, be prepared to shell out taxes on your earnings/income - from out of your own pocket - DON'T CONSIDER PAYING IT OFF WITH YOUR EARNINGS/INCOMES FROM TRADITIONAL IRA - YOU WILL PAY EARLY WITHDRAWL PENALTY AT 10%
8684
Equity in your home.\nFind a wealthy partner.\nSmall business loans from the government.\nSell some personal assets.\nRaid your 401k at work.\n  - Good luck to you! -
509384
One question per customer....lol\n\nForce yourself to save by taking money out of your account or check automatically.  Your 401k (if you have one) can accomplish that. So can automatic deductions for mutual funds (say $50 a month).\nTake the money out first and you'll not be able to spend it!!!
321157
Pretty much any provider CAN offer them, it is just a question of whether or not they have decided to move ahead with the amementments.  Some have not since the proposed final distribution regulations were only recently released and the final amendment guidlines have NOT been released at all.  \n\nThe benefits of a Roth 401(k) could be great, but just a word of caution, make sure you are fully aware of the transportability restrictions and 5-year waiting period associated with the Roth portion of your savings.  Also, there is some question related to loans/hardships with Roth assets that could cause administrative issues.  Talk to your current provider.\n\nGood luck!
596907
Do things in the following order:\n\nMake sure you have an emergency fund that you can access equivalent to 3 months of expenses (not 3 months of income).\n\nPay off high-interest debt (if you have any).\n\nThen, if you have money that you won't need for a long time, you can take the following steps:\n\nIf your company offers a 401(k) with matching funds, participate in it up to the full matching amount (free money is good).  Put half into a total stock market index and half into an international index.\n\nFully fund your Roth IRA.  Use the same asset allocation as for your 401(k).\n\nIf that doesn't max out your savings, go back to the 401(k) and contribute up to the limit.
88417
First, it seems odd that a single company would offer a 403b and a 401k. Typically a 403b is available to employees of a non-profit organization and 401k to for-profit.  The limits are the same.
3149
No.  You can have a 401k and a Roth IRA, but the Roth and the Traditional reach a max whether you put it all in one or a combination of the two.
215427
The answer is really up to your past employer, or more correctly the company that administers that old 401(K).  Contact them to find out their rules.  Usually, there is a deadline, which is by the end of the fiscal year in which you leave the company.  But you really should call them and get the answer in writing from them.\n\nBest of Luck.
139728
As a unit of One, you will want to consider the Indivdual K plan design. Much cheaper to administer than a full 401k. Other alternatives are SEP IRA's and SIMPLE plans. Look for a financial planner that specializes in designing qualified plans for small businesses.
833514
First off, what type of promotional business do you operate?\nhow much of your money is currently invested and how much more are you prepared to risk? What percent of your company are you willing to surrender for the investment you need?\nWhat is your cash flow and ROI?\n\nIf you are looking for investors or a gift angel, do a search on the net and understand first what you will be required give up in return for the money you seek.
114442
Yes, see a tax adviser on your contribution limits however and to see if a Roth may be right for you.  Also, if your company offers a match, make sure you contribute up to the match limit before contributing to an IRA, otherwise you're leaving money on the table.  When you leave your company, roll the money into an IRA.  Expenses are lower in IRA's than 401(k)'s.  A lot of people like to keep their assets together, but since fees eat a huge portion of your returns, I strongly suggest rolling to an IRA rather than your new company's plan.  Plus, that way you're not limited to whatever investment offerings are in the 401(k), you can choose to invest with whomever you'd like.\n\nGood luck!
1107186
I would talk with the "Small Business Administration" and "SCORE" in my local community (They in the Phone Book Blue/Government Pages). They may be able to help and it Free advise. You just determine what important for you.\nAlso, you may want to call the IRS. They offer Free Tax Classes to help you know what Forms and stuff would be important for your Business, plus, they usually answer some important questions you may have as to Deductions. They real important and it FREE!!!! Then talk to your State Revenue Department and find out what you need to get your Tax ID etc. for your Business. Usually it just your Social Security Number for a Small Business. But, you need this Form to Buy Wholesale and not pay Sales Tax on your Stock. You charge the Tax when it sold.\nThere is a lot to cover, but, do not feel overwhelmed, take each part, step by step. You not in a hurry! AND those guys/gals @ SCORE can tell you most of this and help you. They Retired Business Owners Volunteering their time for something to do.
1154873
Do you live in a community property state? That makes a huge difference. I believe 401Ks are safe, but you ought to check in your state.
931150
Walk into your local bank... go to new accounts.. and open a Roth IRA. They will gladly take your money and put it in the risk level of IRA's that they have.... just go outside your current 401k. \nMy company matches 10% of what I put into my 401k. It would be foolish for me to not put in that amount. If it was a crappy 401k, I'd only put in what am mount that they matched, and then put the rest into a Roth.