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Can you roll a 403b plan over if your employer no longer contributes to it?
Wiki User
∙ 12y ago
Not unless you are 59 1/2, separated from service or the plan is terminated, meaning there is no 403(b) at all anymore with the employer. Terminating a 403(b) is very rare.
Wiki User
∙ 12y ago
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Can 401k funds be rolled into a 403b?
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.
Can you contribute to both a 401k and 403b in the same year?
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 is the max annual pre-tax contribution for a 403b for 2010?
For the general population, $16,500. If you're 50 or over you may be eligible for $5500 in catch up contributions.
Can you contribute to all 401a 403b and 457b if YES is there a total contribution limit?
Yes you can contribute to all three however the 401k and the 403b share the same elective deferral limit (402(g) Limit) of 16,500 plus 5,500 for over age 50. 457 have a different limit (it's call a 457 limit) plus a separate age 50 catch up (only for governmental 457 plans) so your totals are 16,500 plus 5,500 for 401k and 403b 16,500 plus 5,500 for 457. Total $44,000
Can you have a 403b and contribute to a 401k too?
Yes, but the contribution limit includes both, i.e., no more than $15,500 total in 2008 plus $5,000 "catch-up" if age 50 or over.
Does the employer match portion of a 403b counts towards the 2008 max of 15500?
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.
Can 401k funds be rolled into a 403b?
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.
What is the 2011 maximum 403b contribution for age 50 and over?
For individuals aged 50 and over, the maximum 403(b) contribution limit for 2011 is $22,500.
Can you contribute to both a 401k and 403b in the same year?
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.
If you are asked to work over your shift time, can the employer ask or force you to take longer lunch periods or leave early later in the week to wipe out the overtime?
Yes your employer can have you leave early to keep your hours at 40.
Can money be rolled over from a 403B account at Met Life to an IRA by the beneficiaries after the death of the annuitant?
Money can be rolled over to an IRA account by the beneficiaries. Often times there are penalty fees and taxes associated with the rolling over of funds. Be sure to consult a professional to find out if you are eligible for a waiving of these fees.Subject to certain restrictions, yes money can be rolled over from a 403B account at Met Life. The restrictions revolve around the date of death, and whether the decedent had reached age 70 1/2, at which point yearly distributions must be taken. If the decedent has reached this age, the distribution for the year must be taken before any of the other monies in the 403B can be rolled over.
What is the max annual pre-tax contribution for a 403b for 2010?
For the general population, $16,500. If you're 50 or over you may be eligible for $5500 in catch up contributions.
Can I file a lawsuit against my employer if and when my employer keeps telling me I'm going to get fired over and over yet they don't do it?
You can file a civil lawsuit against your employer if the employer keeps threatening to fire you for harassment, and the burden of proof will be upon him to prove otherwise.
Can an employer terminate you over the phone?
yes he/she can
What is a good reason to ask a potential employer not to call a previous employer?
You might get a job offer over the phone.
Can you contribute to all 401a 403b and 457b if YES is there a total contribution limit?
Yes you can contribute to all three however the 401k and the 403b share the same elective deferral limit (402(g) Limit) of 16,500 plus 5,500 for over age 50. 457 have a different limit (it's call a 457 limit) plus a separate age 50 catch up (only for governmental 457 plans) so your totals are 16,500 plus 5,500 for 401k and 403b 16,500 plus 5,500 for 457. Total $44,000
Can you have a 403b and contribute to a 401k too?
Yes, but the contribution limit includes both, i.e., no more than $15,500 total in 2008 plus $5,000 "catch-up" if age 50 or over.
