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posted to rec.boats
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First recorded activity by BoatBanter: Oct 2009
Posts: 6,596
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Where does the Goldman Sachs money go??
On 26/04/2010 7:01 PM, nom=de=plume wrote:
wrote in message
...
On 26/04/2010 12:59 PM, nom=de=plume wrote:
wrote in message
...
On 25/04/2010 11:10 PM, wrote:
On Sun, 25 Apr 2010 21:18:39 -0600,
wrote:
On 25/04/2010 7:16 PM, wrote:
My real problem is, this will put
us past the evil $250k mark if I try to roll it all at once and the
IRS will come after me.
Pray tell what is the $250K mark? Some penalties? And roll it into
what? IRA? Capital gains amount??
If you make over $250k the Obama tax increases really smack you.
Rolling it to a IRA shouldn't be a big deal but my roll over wasn't over
$250K so I didn't go there. But I don't remember any such limit. The
key
is making sure the money shows up in the IRA promptly.
If you have a tax pre person, this is a 1 minute question, I would ask.
I
suspect you can roll it over without issue.
Also need to consider vesting if some of it isn't yet vested. In which
case just roll over the vested part.
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Socialism and statism are great as long as someone else pays for it.
Vesting? That only happens if the company does a match of some of the
money.
Some companies have instant vesting of 401K money. Others require some
sort
of wait.
Why would you be in a 401k if they didn't match? Why not a IRA then? In
an IRA you can self direct it better with a much more diverse set of
options. Hell, I transfered out of the US and left it open for 1 more
year just to vest before I rolled it over into an IRA. It was part of the
equasion.
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Socialism and statism are great as long as someone else pays for it.
As usual, you don't know much about business or saving.
Go away, people are trying to have an intelligent conversation.
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Socialism and statism are great as long as someone else pays for it.
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