401k and 403b Plans

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.

2,319 Questions
Texas
401k and 403b Plans
Unemployment
Unemployment Benefits

Can you receive unemployment benefits while receiving 401k benefits in Texas?

Yes, but it is possible that Texas MAY deduct from your unemployment benefits that portion of your 401k that was contributed by the employer. Check the Related Link below and the Texas 'office to determine their criteria.

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Income Taxes
401k and 403b Plans

What is the maximum fica in 2011?

The maximum FICA tax for 2011:

Employer 7.65%

SSI:

Employee 4.20%

Employer 6.20%

MED:

Employee 1.45%

Employer 1.45%

Income subject to SSI tax: $106,800

Employee $4,485.60

Employer $6,621.60

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401k and 403b Plans

Eligible for Ctbs?

In investment planning, ctbs stands for "collateral trust bonds". Being eligible for ctbs means that the 'cash' amount of the fund is backed by the securities actually held. IE, if Investments4You suddenly ran off with all their office furniture and all the cash in the vault, the share-holders would still be entitled to receive the actual shares that the fund had purchased.

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401k and 403b Plans

Can child support garnish 401k in Illinois?

No

Benefits and refunds payable by pension or retirement funds are exempt and not subject to deduction orders. 735 ILCS 5/12-804. See also the exemptions listed in the section below for non-wage garnishments.

735 ILCS 5/12-1006 exempts a debtor's interest in pensions, annuities, benefits, distributions, refunds of contributions or other payments under certain retirement plans. Compare to 735 ILCS 5/12-704 which exempts from garnishment benefits and refunds payable by pension or retirement funds and any assets of employees held by such funds. Cf. MacKey v. Lanier Collections Agency, 486 U.S. 825 (1988).

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401k and 403b Plans

What is 402g limit for 2011?

It is the deferral limits for 401(k) and SIMPLE IRA Deferrals.

402g limit is revised every year by Internal Revenue Service

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Mobile Phones
401k and 403b Plans

Where can you find phone number for supervalue 401k information?

The telephone number is 888-782-7088.

It's website address is www.SUPERVALUstar401k.com

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401k and 403b Plans
Unemployment
Unemployment Benefits

Can you withdraw you 401k and receive unemployment benefits in Minnesota?

Pension or 401K payments: Payments from a 401K or other pension plan, will not affect your unemployment benefits if:

  • you are subject to a penalty for early withdrawal;
  • you roll all of it into another retirement fund without taking a payment; or,
  • the payment is from a fund that none of your base period employers paid into (in other words, it is a pension from a former employer that has not paid you any wages in the past 15-18 months).

    If you retire from your base period employer, your monthly payments will reduce your unemployment benefits dollar for dollar. Example: Pension of $433 per month = $100 per week. UI benefits reduced $100 per week.

http://www.uimn.org/ui/other.htm

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401k and 403b Plans
Keogh and Pension Plans

Who do I contact for the macy's pension plan?

Try Macy's HR Services, PO POX 8211, MASON, OH 45040 or 1-800-234-MACY (6229)

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401k and 403b Plans
IRA Plans

How long does it take to get distribution from fidelity 401k?

I work for Fidelity so can tell you that it depends. Your old employer may require paperwork. If so, it could take around 21 days before you get a check. If your old employer does not require paperwork then it takes about 7 days.

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Florida
Drawing
401k and 403b Plans
Unemployment

How do you draw Florida?

When drawing Florida, attention must be given to its geographic characteristics. Florida is a peninsula, so should be drawn as a roughly long, thin, triangular shape, that can then have details added and changed until the desired result is produced.

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Companies
401k and 403b Plans

How do you contact hoechst celanese retirement plan?

Call 1-800-BENE and choose the correct option for retirement service center.

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401k and 403b Plans

Why should you invest in a prudential 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.

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401k and 403b Plans

Can you rollover a 401k into a CD?

Yes, you can absolutely rollover your 401k into a CD. However, you will want to make sure that you roll it over into an IRA before purchasing your CD to avoid tax consequences. If you do not do it correctly, then you run the risk of being taxed at ordinary income + 10%. Beware!

eRollover is a great site that can help you to navigate a rollover, as well as providing guidance for your retirement. See attached link.

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401k and 403b Plans

Does prudential offer a good 401K plan?

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.

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401k and 403b Plans

What are the fees for a prudential 401k?

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.

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401k and 403b Plans
Social Security

What is the maximum 403b contribution for 2012?

The basic salary deferral limit for 2012 is $17,000. The catch-up provision for those 50 and older is an additional $5500.

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401k and 403b Plans

Do you have to own a business to have a Solo 401k?

To have a Solo 401k you have be the sole proprietor of a business, be in a partnership or establish a corporation. Essentially, you need to be self employed;not employed by another. To not have to file tons of paperwork, you should not have any employees except a spouse. If you have other employees, having a 401k becomes more complicated.

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Social Security
401k and 403b Plans
Medicare and Medicaid

What is the retirement age if born in 1952?

62

It would depend on which country you live in.

In the United States, full retirement age for someone born between 1943 and 1954 is 66.

697071
Retirement Planning
401k and 403b Plans

What is the 401k catch up conrtibution for 2011?

$5500

737475
401k and 403b Plans

Who to call about cashing in 401k?

Whoever recordkeeps your old employer's plan (Fidelity, Vanguard, etc). If you don't know who that is, contact your Benefits Department or HR dept and they will tell you who it is.

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401k and 403b Plans

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

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401k and 403b Plans

What happens if you exceed 401k contribution limit?

Then you need to notify your plan administrator immediately. You will then receive a Return of Excess from the plan.

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401k and 403b Plans

Which is the best 401k plan at Safeway?

Try this website:
http://www.fundadvice.com/401k-help/401k-plans/401k-safeway.html

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401k and 403b Plans

What happens if you are unable to pay back a loan on your 401K plan?

then
the distribution amount will be counted as income to you for that yr, you will be receiving 1099 form

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Retirement Planning
401k and 403b Plans
Social Security

Does Social Security count 401k as income?

My CPA, has advised me, that you can take funds out of your 401k/IRA without any penalty or it being counted against your income. Bottom line, it is not counted as earned income.

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