May 9, 2006 . hospitalization coverage, money market funds, 401k account: Dear Richard, I thank you for contacting me for the right information.

May 28, 2011 . Retirement Account Distributions After Age 70 1/2; Required Minimum Distributions During Your Lifetime; Additional Considerations for .

Traditional 401k contributions are tax deductible and are made pre-tax so you save . If this is the case then it may make sense to make after tax Roth 401k . a Roth IRA and avoid the legal requirement to take withdrawals at age 70½. .

The same change in law allowed Roth IRA type contributions to 403(b) retirement . In contrast to the 401k plan, the Roth plan requires post-tax contributions, . 5 years after the first Roth contribution and the attainment of age 59 and . Roth accounts) must begin distributions upon reaching age 70 and a half, .

first Roth 401k Contribution is made, and (b) must be made: (1) after the . may be avoided by a rollover to a Roth IRA prior to attaining age 70-1/2. .

A lot of Americans have two or more 401K plans from companies they have left over . . You cannot make contributions to a Traditional IRA after the age 70. .

Must start withdrawing funds at age 70½ unless employee is still employed unless . . $4000 contributions to traditional IRA will grow to $43338.82 in 25 years . This implies a total, after-tax amount of 32504.12 + 6098.34 = $38602.46 .

Apr 3, 2008 . Over age 70 1/2? It's time to start taking money out of your IRA. . the order of contributions which will maximize your after tax returns: .

In order to keep taxes coming, the IRS limits plan contributions to a fixed . A participant who is of age 70 and a half years old must start taking . you still work after 70 and a half and your 401k still being with that employer, .

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11 posts - 11 authors - Last post: Sep 6, 2010. after age 70 1/2, can he still make contributions to a 401K plan? . However, there are no such limits on 401k plan contributions or .

Nov 30, 2007 . Do you want to live well after you've left the world of the . There are strict rules regarding age for 401k withdrawals. . If you're over 70-1/2 years old, you are required to begin taking mandatory withdrawals. . would be a great idea to get rid of your tax deduction for 401)k) contributions! .

Oct 7, 2000 . You may no longer contribute after age 70 1/2. . Why if you're lucky, your 401K contributions could even lower your tax bracket. .

Roth IRA contributions are not tax deductible and are considered after tax . ½ years of age, however mandatory withdrawals are set to occur at age 70 ½. .

2 posts - 2 authors - Last post: Jan 8, 2006I am employed over 70 1/2 still making contributions to a employer sponsered 401k plan. Is this allowed? and can I use the plan .

Is The Roth 401k Contribution Limit Pretax Or After Tax? . . One key potential downside to a rollover to a established IRA is that after age 70 1/2 you .

When any participant reaches age 70, your 401k administration software . after the hardship distribution, AND the employee's contribution to the plan in .

Made to a beneficiary after your death. 2. Made because the employee has a . Timely made to reduce excess contributions under a 401k plan. 8. . You reach age 70 1/2, or 2. You retire from the company maintaining the 401k plan.7 .

Apr 24, 2011 . This type of IRA allows you to put in after-tax contributions of $5000, . to all workers who have earned income and are under age 70 ½. .

Nov 24, 2010. subject to the IRS's required minimum distributions (RMD) at age 70-1/2, . and more » 401k after tax contribution losses - Screen Junkies .

3 answersAll other plans must start April 1 following age 70 1/2. . die before you start taking the money or if you die after you have started taking the money. . Q: If I max out my 401k mid-year from personal contributions, what happens to .

You cannot contribute to a traditional IRA after you reach age 70 1/2. .

Apr 10, 2009 . Contributions to a Roth 401k plan are made after taxes, and there . If by age 70 1/2 you have not rolled over your Roth 401k plan into a .

Mar 10, 2010 . Designated Roth contributions are made with after-tax money and withdrawals . Solo 401k Contribution Calculation - for a sole proprietorship, . Solo 401k are subject to required minimum distributions at age 70 1/2. .

May 14, 2010 . Roth 401k contributions are made on an after-tax basis, meaning the money you . from all 401k accounts once you reach the age of 70 1/2. .

Oct 8, 2010 . After-tax contributions are quite different from pre-tax contributions. . . Participants in 401(k) plans must begin taking distributions by age 70 1/2, . Let us suppose that you have $10000 in a 401k, and that you .

Our Tips For Direct Rollovers, Moving Your 401k Into IRA Accounts . . Also, if you are over age 70 1/2 and still working for the company, . Any non- deductible or after tax contributions are not taxed as they are withdrawn. .

You must start taking distribution of a traditional IRA at age 70. Read More. 401k Tips: The 401(k) plan is a type of defined contribution pension plan . Named after a section of the 1978 Internal Revenue Code, it is a device to .

21 posts - 1 authorAfter all, if you don't need your 401k funds at age 70 ½, why should you be . Lower your taxable income by making a tax deductible 401k contribution and .

If you have an IRA or 401k at a bank, broker, financial consultant or . Unlike traditional IRAs, Roth IRAs allow you to make contributions after age 70. .

You must stop contributions at age 70-and-a-half for all traditional retirement plans and . 401k or any other retirement plan after age 70-and-a-half. .

Catch-up contributions. For tax years beginning after 2001, a plan may permit . . taking withdrawals from their 401k accounts when they reach age 70 1/2. .

Following my recently updated article on new 401K and IRA limits, . at age 70- 1/2 (66 percent) or if contributions may continue after age 70-1/2 (70 .

Planned Retirement Age, 70. Years to stay in Retirement, 20 . . You make contributions to a Roth 401k from your after-tax earnings. When you reach the .

5 posts - 3 authors - Last post: Nov 25, 2010You can not make deductable IRA contributions after age 70.5. As for contributing to the 401k, that depends on the 401k plan. .

Can I change my Roth contribution in my 401k to a pre-tax contribution? . . Contributions can be made to your Roth IRA after you reach age 70½, .

No matter what your age, making contributions into a 401k plan is a good idea that . $1.6 million by the age of 70 (assuming a 7% interest rate every year). . contribute an extra $5500 a year into your 401k every year after age 50. .

Apr 28, 2010 . REALITY TESTING FOR PENSION REFORM Percentage (ADP) test for 401k contributions and the Average Contribution Percentage (ACP) test for .

If you have after-tax contributions in your 401k - as many people do - inform . . to a Roth IRA after age 70 1/2: yes you can contribute to a Roth IRA, .

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Feb 1, 2011 . I am over age 70 1/2. Must I receive a required minimum .

In 2011, Roth 401k contributions remain at $16500. For those age 50 years and . requirement at age 70 1/2; just rollover the Roth 401k into a Roth IRA ( which . contribution of a 401k versus an after-tax contribution of a Roth 401k . .

401K Rollover Help. Avoid 401K Rollover Penalties. . Contributions are not allowed after the IRA holder reaches age 70 ½ , and required minimum .

Mar 30, 2011 . The required beginning date is April 1 of the first year after the later of the . Calendar year in which the participant reaches age 70½. . If the plan permits, certain employer matching contributions and employer .

Jul 21, 2009 . If not, a Roth 401k offers the opportunity to roll over funds directly to a Roth IRA, which does not require distributions after age 70 1/2. .

In general, 401(k) plans only allow withdrawals at or after the age of 59 ½. Also, you will be forced to take a distribution by the age of 70 ½ or you will be subject to a tax . 401k contribution limits are very straight-forward. .

Required Distributions - Must start by April 1st after age 70 ½. Roth IRA. Eligibility - Income Under - Single $110000, Married $160000. Contribution - Max . .

Other than the exception for continuing to work after age 70½ differs from the rules . There is also a maximum 401k contribution limit that applies to all .

It's wonderful that you are still working and want to contribute to your 401k. You may still make contributions after age 70 1/2 if you are earning income .

401k rules apply to your contribution limits, loans, rollovers, withdrawals, . before age 59 1/2 but after age 55, if you become disabled, or if you meet . After you reach 70 1/2 or you retire, you must begin taking the required .

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