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401k and 403b Plans

Parent Category: Retirement Planning
Tax-deferred savings plans. In the case of Roth 401(k) plans, withdrawals are tax-free whereas contributions to standard 401(k) plans are pre-tax and profits are taxable at the time of withdrawal.
Most companies that specialize in these type business have very good products and services to offer to their clients it really depends on the individual and what the individual is looking at in long term goals with a 401k.
Prudential is just one company that offers 401k services. You should invest in a 401k to ensure you have retirement income, and you should choose Prudential if their rates and services are the best for your personal situation.
Fees for prudential 401k reduces the income that you receive once you retire. Typically, the fees associated with a prudential 401K are hidden and you will only find out about these fees once you shop around.
Yes, T. Rowe Price is considered to be a very reputable company. They are a global investment management firm, and they weathered the 2008 crash very well.
One of the best is to form a Limited Liability Corporation or an LLC that you can manage on your own without a custodian. You can also invest in real estate, stock, bonds, mortgages and small businesses. It's an equity relationship since you are not allowed to borrow directly from a self-directed...
Absolutely not. Nobody is required by law to have a 401k. However, it is always a good idea to be saving for retirement and that is exactly what a 401k will help you do.
First to qualify you must be a small business owner, a small business co-owner or spouse or either one. Decide what company to obtain your 401k plan from: Fidelity, Merill Lynch, Vanguard etc.Decide how much you wish to contribute to your 401k account.Speak with financial advisory if neccisary.
A self-employed 401K is worth it as your receive numerous benefits from it, outside of those that you already have with a standard 401K. You can also put into the account a larger contributing sum than you would be able to working at a larger company.
The easiest way is to directly rollover into an Individual Retirement Account. It allows people to receive retirement benefits and accumulate money rapidly.
USAA and First State Bank will help with your 401K rollovers. Also, Vanguard, T. Rowe Price and Scotrade.
You may be able to do a direct 401k rollover. You would need to fill out the paperwork at your new financial institution, but they would get the funds transferred over.
  Our first priority while working is to earn sufficient funds to meet our daily living requirements.   If our 403b contributions take away from our day to day needs, we are contributing too much or earning too little.
  This is not a time or value answer. Everyone has different needs and expectations. The information you have provided prevents a clear date or value answer which I would not give anyway.   First you need to know what your goals were when you began contributing to your 403b. Then ask Are...
A 401k is a "profit sharing "plan or retirement account established by an employer to enable their employees to share in the company profits. You contribute to with pre-taxed dollars, but your employer must also contribute. Since no tax has been paid on the money when it is entered, it is subject to...
The basic salary deferral limit for 2012 is $17,000. The catch-up provision for those 50 and older is an additional $5500.
Fidelity Net Benefits is a 401k retirement plan company that also offers workplace savings tips and financial advice in order to get the most out of your retirement savings plan.
The Teamworks site seems to be a collection of the resources Wells Fargo offers its employees. From applying for a job to checking out a retirement plan, the employee can take care of business on this site.
You can usually roll over from one qualifying plan into another without penalty, if that's what you were trying to ask. No, that is not what I'm asking. I found this link which makes claims contrary to popular belief and want to know if it is true. This question is still not answered. Can you make...
money was taken out for 401k years ago from my pay checks how can I  fine it
 Once you turn 70½, you must begin withdrawals from your 401(k)  unless you're still working. These required withdrawals are  designed to ensure that you use the money in your account for the  purpose it was intended: to provide retirement income. You may not  be required to put money into a...
Depending on where the customer is (a store or a restaurant for example) there are certain rules they should abide by. For example like leaving a tip (restaurant) or being polite enough not to talk on the phone through the checkout counter (store).
"Yes prudential does offer a 401k plan as well as many other things like Life insurance, retirement, real estate and also benefits. I would really recommened all of them."
Talk to a Tax attorney, if he can`t do it he can tell you who can.
Try Macy's HR Services, PO POX 8211, MASON, OH 45040 or  1-800-234-MACY (6229)
No. Prudential is a separate corporation.
If your profit sharing plan allows for employee contributions, then those are capped at $16,500 for EE money. The total amount of contributions (ER and EE) is capped at $49,000 indexed for inflation.
In a word Don't. If you do you will have a penalty (10%) and they will treat the distribution as income (which is taxed at whatever your rate is) But for us taking a 401k loan two years ago was really smart. Me and my wife took out a $5000 loan from the 401k and paid off a 14% interest rate car...
one benefit is that you don't have to pay income taxes on the money contributed to the account or any growth it experiences until you withdraw the funds.another benefit may be available to you with a 401k plan is a contribution match by your employer. with this benefit comes the term "vested". this...
  Yes, this is possible if you earn enough and the plans allow it.   Your total contribution amount, 401k plus 403b can not exceed the $15,500 ($20,500 if over age 50) for 2008.
  No, the employer matching contribution does not count toward the $15,500 contribution limit for 2008.   If you are over age 50 at any time in 2008, you can contribute an additional $5,000 to your 403b plan.
  Yes an employer can terminate a 401k plan.   The contributions you made to the plan are yours, and you could take that money and roll it to your Traditional IRA using a trustee to trustee transfer.   If your employer made any matching contributions to your 401k, you may be able to keep...
 Taking a loan through a work retirement plan means you're borrowing  a portion of the money in your account and paying yourself back.    Retirement plans offered through work,  including 401(k) plans, are not legally required to offer loans -  with the exception of the federal...
You cannot contribute to a Roth IRA, however you can contribute to a traditional IRA at 70.5 years of age. As long as you are employed, you can also contribute to a 401k as well.
An equitable division of any marital property, including retirement plans, and possibly spousal support. You should consult with an attorney who specializes in divorce. Reminder: A spouse who did not work outside the home made a substantial and valuable contribution to the spouse and family...
 All too often, people make a critical mistake when it comes to  managing their 401(k) savings: They cash out prematurely. Recent  data compiled by Fidelity notes that one in three 401(k)  participants has cashed out of his or her plan, often when changing  jobs.   For many, cashing out a...
Liquid assets are cash or investment holdings or any tangible property that can be instantly converted to cash without losing their value. Individual retirement accounts and 401(k)s are retirement savings accounts designed to hold your money until retirement and technically are not liquid assets,...
If you are looking for a 401k plan administration, then you can contact 401k GPS, the leading investment advisory firm which gives the best service in USA. To know more about 401k plan and 401k contribution limits, or 401k catch up contribution, you can visit the link in the related links section.
Yes, the IRS says you can withdraw some or all of your 401-k for a few different reasons. One caveat though, your company plan may not allow it. Just because the IRS says you can, ultimately it is the rules within your company plan.Most plans will allow you to borrow some money or withdraw for...
The contribution that is matched by an employer is not counted towards a 401k contribution limit. If someone contributes the maximum IRS allowed amount each year, still the employer's matching contribution would be in addition to that limit.
I retired December 31, 2010, at age 64. I waited until now to contact Champion for I wanted to be 65 years old . I was told years ago this would be best to wait until this age so I could draw 100 per cent of my late husbands retirement that was set up by Champion...I would like to start drawing this...
You can get a sample of a 401K hardship letter at the IRS website.  You can also get a copy from your CPA or tax person.
For 401K's and other retirement investments it's a matter of doing a rollover to an IRA account. But actual pensions are much different vehicles with Federal Regulations they are based on time that one serves with a company.............. A company human resources officer should if not already...
Probably Spouse first, then his Estate then the children.
Money that you have put in a 401k is your money. If the company matched any portion then you typical will need to be employed to for a set amount of time to be vested, normally 7 years, in order to get the company matched portion. If you are no longer with the company then the custodial company for...
The president, and all members of congress, have their own health plan. It is called the Federal Employees Health Benefits Program. It is paid for by the government, and has been available to federal employees since 1960.
It depends on what you call "safe."The S&P 500 is a number that represents the total value of common stock in 500 of the largest US-based companies in the world. It changes every day with stock market fluctuations. Since 500 different companies contribute to the number, it is called a "stock...
dependaing upon the age of the participants, yes.. In a "cross-tested" or age-weighted plan, the contribution may be different for persons with the same compensation but different ages.
I would say yes. You are taking a distribution of monies you never paid taxes on.
There is a lot of baggage borrowing from your 401k including that if you lose or change jobs the loan becomes due in full immediately. Personally, with interest rates as low as they are now I would do my best to avoid it unless it is absolutely the only way.
I am not sure what your talking about but let me try to answer this. If the wife divorced the man before he died then no she would not be entitled to his pension. It does not matter if she remarried or not.
Trying to find out rules surrounding moving over a SEP to a 401(k) plan. I want to fully fund my SEP for 2013. Want to begin 401(k) starting 01/01/2014. I want to make sure that I am ERISA compliant and meeting all notices or deadlines that I must complete if I am able to do so. Thank you
Answer . Your employer normally give you this type of document on your way out of the door. You can either keep the papers or if you would like to make a withdraw from your 401K, just fill out the paper and send it to the address(usually stated on the paper).
  == Answer ==   No. Loans from 401(k) accounts are not usually reported to credit reporting agencies, so it should not affect your credit history favorably, or negatively.
Contact Plan Administrator(where account is held) for forms.
Ask your 401k provider. I go thru John Hancock and they do not penalize
If you mean pensions, yes, pensions can be divided in a divorce. If you mean pensions, yes, pensions can be divided in a divorce. If you mean pensions, yes, pensions can be divided in a divorce. If you mean pensions, yes, pensions can be divided in a divorce.
You have to contact the company you worked for and find out who your 401k was through and then contact them. If you worked for that company for 5 years or more you will not be eligable for the full amount invested, only the amount you put in . most companies take 20% in taxes when you opt to take...
You need to consult with an attorney who can review the details and explain your options, preferably the attorney who represented you in the divorce. You should file a motion for contempt as soon as possible. The court can impose sanctions including a judgment lien that can be recorded against any...
  == Answer ==   I believe new bankruptcy law exempts all retirement from being touch during bankruptcy so it should be safe
The 401(k) maximums for 2009 was established based on a cost of living adjustment.   The 2009 Basic maximum 401K contribution amount is set at $16,500. Catch up contributions allow a maximum of an additional $5,500. Catch up contributions would bring the total to $22,000 but you must be 50 years...
The answer to this questions depends entirely on the individual. A SEP account is more popular than a 401K retirement plan with self-employed individuals and small business owners because it was created with the intended purpose of benefiting them.
401(k) accounts may contain marketable securities, but they do not have to. They are not themselves marketable securities.
A 401(k) ia a retirement plan that is sponsored by your employer.It allows employees to save and invest a part of their salarybefore taxes are separated. You can get more details atRoutingnumberusa.com
  A 401a plan , is set up by the company for a group of employees retirement and is solely funded by the company! Employees are not allowed to contribute there earnings, the company sets up a vesting schedule an makes the contributions based on a set amount or an incentive amount on a regular...
T Rowe Price offers retirement funds, stock funds, bond and money market funds and asset allocation funds. All of the funds are subject to market risk, but the experienced marketeers from T Rowe price give useful tips to their customers and help them with fund related questions.
Fidelity 401K may be available through your employer. You should inquire about them there.
The interest rates for a loan on a Fidelity 401K account will vary depending on location and the current prime rate. 401K loans rates are typically 1% above prime rate.
  maximum contribution, Annual Addition limit $46,000(annual addition contains both employee & employer contributions)...   if you are above 50years, maximum contribution $51,000(if employee made catch-up)
Answer . No, but if they aren't, they usually have to sign a document in front of witnesses that they know they are not going to get it. Otherwise they will sue the life insurance company claiming they didn't know.. No, but... . No. Life Insuarance is used in situations other than marriage....
  No...almost impossible.
A 401k rollover is an arrangement where perspective business owners utilize the retirement funds found in their 401k in order to pay for the start-up costs for their new business.
you just have to pay a 10% early withdrawal penalty that's included as part of your income taxes. The IRS considers your withdrawal an "early distribution" and imposes income taxes.
You can get info on 401k limits a couple places, generally from the Government's IRS website, but also often from your own employers, as they should be able to inform you of those limits.
If an individual is wanting to know about 401(k) contributions and company match contributions, a great resource is the website called Accumulating Money. According to Accumulating money, there is a contribution limit, and this limit includes all funds contributed into the 401(k). This limit, for...
If someone whom has a 401K plan they may retire after the age of 70 1/2 years of age. They also may collect on the plan if they have retired before April 1st of that calender years once reaching the age of 70 1/2 years of age.
If an individual has made 401(k) contributions, the best place to check would be with the payroll department of the individual's company. As 401(k) plans are usually only offered through employers, the records for those contributions would be kept by the employer and the accounting or payroll...
401 account owner, who is over the age of fifty-five, can contribute up to seventeen thousand U.S Dollars according to 2012. In 2013 the amount would rise up by 500$ more.
Information on a Roth 401k may first be found on the sites of providers, such as Fidelity, Vanguard, and TD Ameritrade. The IRS website and phone line can also provide more information on the tax implications of a 401k.
The maximum 401k employee deferral for 2013 is $17,500. Each year the limit may be increased in $500 limits, depending on factors of inflation. If one contributes more than the deferral limit, the excess amount deposited must be taken out of the 401k before April 15th of the following year.
A person retirement age determines when and how a person can access a persons retirement money. Retirement age rules vary from plan to plan and from country to country.
The 2013 401K maximum contribution is $17,500. That makes two straight years of increases after three years of no increases from the IRS. If a person would like to max out a persons 401K in 2013, take $17,500 and divide it by a persons total salary from a persons employer.
There are two steps in setting up a qualified plan. First you must adopt a written plan, then you invest the plans assets. The employer is responsible for maintaining the plan.