retirement
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.
what age do you have to be to get money from your 403b or 401k
401k funds may generally be rolled over into a 403b account if the new employer of the 403b plan permit. Although the IRS allows for this action to be taken, not all employers do allow for it.If done properly, the event creates no tax liability or penalty upon the account-holder.
According to "My Money Blog" the maximum amount for a 403b increases to $16,500 for 2009. http://www.mymoneyblog.com/archives/2009/01/2009-401k-403b-maximum-salary-contribution-limits.html
retirement
you tell me
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.
what age do you have to be to get money from your 403b or 401k
401k funds may generally be rolled over into a 403b account if the new employer of the 403b plan permit. Although the IRS allows for this action to be taken, not all employers do allow for it.If done properly, the event creates no tax liability or penalty upon the account-holder.
According to "My Money Blog" the maximum amount for a 403b increases to $16,500 for 2009. http://www.mymoneyblog.com/archives/2009/01/2009-401k-403b-maximum-salary-contribution-limits.html
There are not any special benefits of a 403B retirement plan when compared to the more familiar 401K retirement plan. The only difference is that if your work for the government or are in a civil service type job the retirement plan is called 403B.
It is always good to have a retirement plan you need to first decide what you want,this site http://www.nationwide.com/403b-retirement-plans.jsp will tell you about a 403b plan which differs from a 401k plan which is usually offered by your company.
Yes. You can roll a previous employer's 401k balance into a new employer's 401k. You can also roll a previous employer's 401k balance into an individual retirement account (IRA) if you wish to maintain control over the investments.
To avoid any penalties you should roll your 401k into an IRA account.
Nationwide Retirement Solutions offers a variety of premium options for retirement plans, including fixed and variable annuities, mutual funds, and managed accounts. Specific premium offerings may vary depending on the type of retirement plan and investment options chosen by the account holder. Reach out to Nationwide Retirement directly to learn more about the specific premiums available for your retirement plan.
Any employee, regardless of the type of work he or she performs, is eligible for a 401k if the employer offers it. An employer is not required to offer a 401k, however. If an employer-sponsored plan (401k, 403b, SEP IRA, etc.) is not available, often individuals will contribute to a Traditional IRA or Roth IRA.