0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
The 401K and 403B plans are part of which type of benefit?
retirement
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.
When an employee donates to a 401k fund and the company matched who controls that money and who gets the interest off of it?
what age do you have to be to get money from your 403b or 401k
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 maximum 403b contribution for 2009?
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
What does IRA Roth IRA 401K and 403B have in common?
you tell me
The 401K and 403B plans are part of which type of benefit?
retirement
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.
When an employee donates to a 401k fund and the company matched who controls that money and who gets the interest off of it?
what age do you have to be to get money from your 403b or 401k
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 maximum 403b contribution for 2009?
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
What are the benefits of a 403b retirement plan?
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.
Can you roll a previous employer's 401K into a new employers 401K?
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.
How does a 403b retirement plan differ from a 401(k) plan?
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.
What is the best way to roll over a 401k account?
To avoid any penalties you should roll your 401k into an IRA account.
Do chefs get a 401K?
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.
How long do I have to rollover a 401k?
No, there is no time limit to roll over your 401k. You don't have to roll it over at all. If it's working good for you, sometimes it's best to leave it and start a new 401k.
