Are rollovers from a 401(k) to an IRA taxable?

Answer Rollovers from a 401(k) are not taxable income, but are reported on your federal income tax return. There may be charges to rollover the money including surrender charges by the financial instituti... Read More »

Top Q&A For: Are rollovers from a 401(k) to an IRA taxable

Are Rollovers From 403C Accounts to an IRA Taxable?

The IRS allows rollovers from various retirement plans into other plans so that you retain control over your retirement funds. You also get the opportunity to choose from investments not available ... Read More »

Are rollovers from 403c accounts to IRAs taxable?

Money contributed to a 403(c) account is taxable to the employee. It is not tax-deferred, thus an employer is required to report amounts paid to the employee as taxable wages. Even though the parti... Read More »

Are 401k contributions taxable?

Whether a 401k contribution is taxable depends on the type of 401k account you have. A contribution to a traditional 401k plan is not taxable, but a contribution to a Roth 401k plan is taxable.Sour... Read More »

At what age can I withdraw from my 401k?

You can start taking money out of your 401k without penalty when you turn 59 1/2 or if you retire after you have turned 55. Some plans will allow you to take a hardship withdrawal if you face heavy... Read More »