<mike[at]nosamm.org> wrote:

- quote -

It's an option in some plans for putting additional money beyond the salary
deferral (a/k/a deductible) limit into the 401(k).

- quote -

Then we're back to no reason to keep that stuff.

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

In article <k65nh4tnl1u5umhj5bqiqdl2hgnvhdjakf[at]4ax.com> ,
<mike[at]nosamm.org> wrote:
- quote -



In that case, I can't think of any Tax Reason for hanging onto
401k statements.

--


ArtKamlet at a o l dot c o m Columbus OH K2PZH

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

On Wed, 12 Nov 2008 19:09:17 EST, "Phil Marti" <prm20871[at]verizon.netwrote:

- quote -

What is an 'after-tax contribution'?
It was all taken out by the employer to reduce taxable income.

m

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

Phil Marti wrote:
- quote -

Or, making a big stretch here, if you might someday participate in a
class action lawsuit against your employer because of the (lack of)
investment choices they offered you (only company stock, for example)...

-Mark Bole

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

<mike[at]nosamm.org> wrote:

- quote -

Not unless you have after-tax contributions in it.

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

Are there any TAX reason for saving old 401(k) statements that may
show any of the contributions by date and total amount?

I'm about to clean the attic in a big way and want to get rid of many
large boxes of brokerage and employment paperwork - don't really want
to review any of it.
The 401k - as I understand it is untaxed money that will be taxed as
ordinary income as it is taken out - starting at 70.5 age - and that
1099s will be issued and that this the end of that.

All of it is at least three (3) tax years old.

========================================= MODERATOR'S COMMENT:
Did you ever make after-tax contributions?

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >