401(k) FAQs

Solo 401k contributions made by self-employed individuals can significantly reduce their taxable income. These … Read more

401k contributions are considered a pre-tax deduction, meaning they are subtracted from your income … Read more

If you inherit a 401(k) plan, it generally becomes subject to income tax when … Read more

When you withdraw funds from your 401(k) account, you’ll owe taxes on the amount … Read more

Yes, it’s possible to place a 401(k) into an irrevocable trust. Doing so involves … Read more

Forfeited 401k funds, also known as unclaimed or abandoned funds, occur when a participant … Read more

You can move your 403(b) savings into a 401(k) plan if you leave your … Read more

Your employer’s approval is generally not required for 401(k) withdrawals, but it may depend … Read more

If you’re looking to withdraw funds from your John Hancock 401k, there are a … Read more

、euvres< Early Withdrawal Penalties A 401k is a tax-advantaged retirement account designed to help … Read more