During an IRA rollover, you misread a number and move more cents than you intended (less than $1) what to do?
550279
Don't worry about it.  Honest mistakes of less than $1 don't mean anything.  In fact, when you do your taxes, the IRS likes you to round everything to the nearest dollar.
266753
You should be able to roll over a 401k into an IRA without a problem.  Those Prudential people just don't want to lose your business.  Your money guy at the new place should be able to take care of all this for you.  And if he can't, find a new money guy.\n\n(Unless you bought some sort of annuity with it.  I can't tell if you did.)
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.
871667
I'm not sure if you are asking a question.  If I got your story straight, you decided to do your own taxes instead of taking them to H&R Block.  No problem.  Most people can do their own taxes rather easily using software.  They may miss a deduction or two, but usually get things correct.  Now, it sounds like you typed in an extra "0" and now owe $4,000.  Do you owe the $4,000 because you got too much of a refund and the IRS found out about the extra 0?  If so, then you already have the money to pay back.  The IRS paid you too much and now want back the overage.  Just give them back the extra they gave you.  Next year, when your refund looks too good to be true, double or triple check for errors first before submitting.  An extra $4,000 should have set off flags in your head.\n\nOr, did the extra 0 cause the IRS to "think" you owe an extra $4,000?  If that is the case, you can fix (amend) your return to show that the extra 0 was a mistake and that you really don't owe the $4,000.
533752
Yes.\n\nFirst of all, a rollover to another qualified plan or IRA is always without penalty or taxes, that's what a rollover is by definition.  The penalty applies when you take a DISTRIBUTION from the plan, not when you roll it over.\n\nSecondly, the age in question is 59 and a half, not 62.\n\nThird, in most cases, you'll need a triggering event, which is usually leaving your job.  Every plan is different.  In some, the triggering event is simply turning 55, at which case you can take your momney out while you're still working there.  All future contributions still would go into the plan.  Other plans allow for non-hardship in service withdrawals, which need no triggering event at all.  You can roll over your exisiting plan amount to an IRA, and again, your future contributions would still go into the existing plan.  Check with your HR department to see if your company allows this.  Hundreds already do, and more are writing it into the plan document every year.\n\nSo, in many ways, your answer is a resounding YES.\n\nHope this helps!\n--J.
69781
If you couldn't afford to lose the $300, you shouldn't bet that much. It's considered very rude to ask for a bet back. Be careful of your gambling in the future and try to find some small jobs to earn it back.
1016477
Okay, you want to take some $ out & roll over the rest, right?  You get 60 days to roll over your 401K into an IRA or other employer (if your new employer allows this).  So you could partially withdraw what you need for bill to yourself & roll over the rest.  Early withdraw penalties are pretty stiff 10% penalty on $ taken out PLUS it is reported as regular income, keep that in mind.\n\nIf the former employer doesn't allow partial withdraws, then you could take the lump sum payable to you.  They will immediately penalize the 10% PLUS withhold around an additional 20% (~ 30% total) for anticipated taxes.  The only good news for this option: you should get a refund (if all else stays the same) because too much was withheld, IF you put back ALL the $ you withdrew from the 401K within the 60 days into the new IRA or new employer-sponsored plan.  Downside to this: you'll need to have $ laying around to make up the difference that was originally withheld from the old employer to fund the new IRA.\n\nThe less painful way is to do a partial withdraw if the old employer will allow this.  You can also leave the old employer $ with them if they (old employer plan sponsor/administrator) allow this.\n\nHope this helps.
800115
No you can not. You can roll into your new 401k, an IRA or other qualified retirement plan. You can NOT roll direct into a Roth IRA.\n\nAll the 401k rules can be found at:\n\nhttp://www.advancedwealthsolutions.com\n\nGood luck!
742987
Check with your HR or Benefits department, but generally speaking you can not cash out your 401(k) unles you seperate from service first.  The only alternative is a loan, but that could become messy if you wind up leaving before you pay it back.\n\nIf somehow your plan allows early distributions prior to retirement or seperation of service, then the other answers are correct.  If you receive a check directly from the plan, then by law they have to withhold 20% for taxes.  The entire distribution will more than likely be taxable (if you have after tax contributions, then you pay no tax on those) and you will be subject to a 10% IRS penalty. \n\nIf you meet one of the qualifying distribution exceptions for IRAs (first time home purchase, medical expenses, college expenses, etc...) then if you roll your 401(k) into an IRA FIRST and then take a distribution you may be able to avoid the 10% penalty.  You also control the amount that is withheld, so you may be able to keep more of your money.  Again, this is usually only an option if you're over 59 1/2 or if you seperate from service i.e. quit or change jobs.  But you may be able to keep more of your money.  You can open a rollover IRA at any bank, find one that DOESN'T charge a fee for the account.
564722
When I use that strategy I will but a stock and put a stop loss in at 10% below my purchase price.  If the stock is going up I change the stop order every time it goes up another 5% but keep it 10% below the current price.  If it starts to go down I just let the stop go off, don't change it since that is where you start to go off your strategy.
290156
The federal government consider the phrase "high yield investment program"  (HYIP) a sign that you are probably dealing with a scam.  These doubler sites are obvious scams as well.  You are not going to double your money in a few days. You are going to lose it to a scam. \n\nDid you know if you invest 1 dollar and you double your money 10 times, you will have 1024 dollars?  Double it 20 times and you'll have over a million dollars.  Double it 40 times and you'll be the first trillionare.  When you make your first trillion, can you give me $10 for this advice?\n\n See this federal government website for more info on these scammers:
615851
It can't hurt you as long as you know going in that the rate will change after the introductory period and you have the option available to move it back to the LOC later. \n\nI did it once with a balloon payment I had on a note and I just paid as much as I could on it during the intro period and then when it converted over I owed less than $1,000 and had it paid off within a couple of months.
591241
You won't lose more than you have invested. \n\nOnly idiots trade on margin when they don't know what they're doing.  So assuming you're not an idiot, and you're trading in cash only, you can't lose more than your initial investment.\n\n--J.
599874
Any place that manages IRAs will help you do the rollover -- after all, they want your money!\n\nIf you're young and don't have any other investments, just put it all in stocks, preferably a stock index fund.  You want to look for a fund with the lowest costs.
1177365
Wow everyone seems to do exact. I however round up to the nearest dollar. I've been able to put away a few hundred extra dollars a year by doing this.\n\nAlso, if you ever go over, you'll know you have a little extra in there to protect you. To me, doing exact is not good. It only takes a small mistake and your check book is off.
900036
I just rolled over my 401K to an ING Direct IRA account. They have great options and low maintenance fees. Check them out.  www.ingdirect.com
716742
You call the IRS and correct your mistake...you may refile your return with the correct information...don't wait to be audited...IRS personnels are helpful they will tell you fill some papers are probably refile...if u wait...u will be screwed..