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Financial Planning / Foolish 401(k)s
|Subject: Re: After Tax Contribution?||Date: 12/14/2001 5:42 PM|
|Author: Willia1041||Number: 13894 of 25616|
Thanks for your help.
Yes, I am over age 59-1/2.
I will not be able to call my 401K custodian, again, until next week. I did go to their website and get an updated copy of my account statement dated yesterday. The money was all taken from the aftertax part of the account. The question I have is while I took out about 30% ($22,000.00) of the money in the aftertax ($72,087.00), the figure they are giving on their form for After-Tax contribution ($4864.09) is 88% of my total contribution ($5520.00). When I called them yesterday they could not tell me why this amount was shown. Maybe when I call back I will get someone who can tell me more. The 1099 may be clearer when I get it, but it will be too late to take more out for this years taxes.
Thanks. I will be doing some more reading this weekend.
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