0
Yes-some plans permit withdrawals after you've attained at 59½, or after you've been a participant for some specified period of time (usually at least five years), or in the event of a financial hardship. (As an alternative to a taxable withdrawal, you may be able to borrow up to 50 percent of your vested account balance if your employer permits plan loans.)
What else can I help you with?
Can you rollover a profit sharing plan to a roth IRA?
Yes, if it is a qualified Profit sharing plan, i.e. Pre-taxed or Post taxed.
If a person has a profit sharing plan at work can they still contribute to an IRA?
I don't see why not. It's your money and you can do whatever you want with it. It will not affect your Profit Sharing.
How does profit sharing work?
formula of profit sharing bonus
Can you borrow money from your pension plan?
Can you borrow against money from your pension plan?
Can you roll over from a money purchase plan or a profit sharing plan to a SEP IRA?
Yes, you can roll over funds from a money purchase plan or a profit-sharing plan to a SEP IRA, provided the funds are eligible for rollover. This process typically involves direct transfer of the funds to avoid tax penalties. It's important to check with the plan administrators and ensure that all IRS regulations are followed during the rollover process. Consulting a financial advisor may also be beneficial to ensure compliance and optimal tax treatment.
Can you rollover a profit sharing plan to a roth IRA?
Yes, if it is a qualified Profit sharing plan, i.e. Pre-taxed or Post taxed.
How much can you contribute to a profit sharing plan?
40.00
What happens to my profit sharing when I quit my job?
When you quit your job, you may lose access to your profit sharing benefits depending on the terms of your employer's plan. It is important to review the specific details of your profit sharing plan and consult with your HR department or a financial advisor for guidance on what happens to your profit sharing when you leave your job.
If a person has a profit sharing plan at work can they still contribute to an IRA?
I don't see why not. It's your money and you can do whatever you want with it. It will not affect your Profit Sharing.
What are the release dates for Alfred Hitchcock Presents - 1955 Profit-Sharing Plan 7-23?
Alfred Hitchcock Presents - 1955 Profit-Sharing Plan 7-23 was released on: USA: 13 March 1962
How does profit sharing work?
formula of profit sharing bonus
What are some common types of retirement accounts?
Common types of retirement plans available include the 401k, the Defined Benefit Plan, the Profit Sharing Plan, and many others. More options and more information about these plans can be found on retirementplans.org
What is the maximum contribution to profit sharing plans?
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.
I received my last stament in dec.31 2001. I'm curently woring and would like to veiw my 401k rofit sharing plan. How do I do that?
Your profit sharing plan statement has to come from your employer (after all, they are the ones with the profit information). You'll want to talk to your human resources office to see who to talk to in your company. If you need general information, you might find help at The Profit Sharing Council of America (http://www.psca.org/).
Can you borrow money from your pension plan?
Can you borrow against money from your pension plan?
Who made profit sharing?
Nobody really made profit sharing. Profit sharing is an idea that blossomed because it was the most efficient way of moving forward.
What has the author J J Jehring written?
J. J. Jehring has written: 'Profit sharing' -- subject(s): Bibliography, Profit-sharing 'Succeeding with profit sharing' -- subject(s): Profit-sharing 'Pre-severance benefits in deferred profit sharing' -- subject(s): Profit-sharing 'A comprehensive bibliography on total group productivity motivation in business covering such subjects as profit sharing, productivity sharing, employee stock ownership and employer-employee cooperation' -- subject(s): Bibliography, Incentives in industry
