Answers in Retirement Plans

Your personal retirement plans will have to be your primary method of funding your retirement and you should consider all the tools at your disposal to plan for and achieve your retirement goals.
0 votes
John Essigman Level 17
Hi Alfreda, This is a public, on-line forum related to financial issues... Such a letter did not originate from from this site. I would suggest that you contact the company or organization that sent you the letter. An alternative is to contact the ...(more)
8 votes
Frank Reilly Level 19
Contact your HR department for both your current and former employer (Brady Industries). One of them should be able to provide you the documents that you need.
1 vote
Todd Warner Level 8
Dia - This is a common question and the answers that have been given are correct. Retirement accounts are for one person and you can't combine it with someone else and make it a joint account. They are individual retirement accounts. Your choices at this ...(more)
0 votes
Keep in mind that your retirement accounts are typically protected in a bankruptcy (worst case scenario). Any money you borrow (home equity, credit card, etc) is something you can walk away from. Student loans are a bit tougher, but can be deferred ...(more)
5 votes
Hello, Congrats on your new career path. i would caution you to use as little of your retirement savings as possible, but if it can not be avoided, you might be better off taking withdrawals form your ROTH IRA as the tax treatment could be more favorable. You ...(more)
1 vote
Reach out to your human resources office. They will have a document call a Summery Plan Description (SPD) and it is their responsibility to have the 401k information available for you.
0 votes
The best place to start is by contacting the human resources office at your former employer. They should be able to direct you to the proper contacts to find further information about any 401(k) account you may still have under their sponsored plan. ...(more)
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Hi Paula, I'm sorry for your loss. You should contact the Carpenters Retirement Savings Fund. They will likely ask for a copy of your marriage certificate as well as personal identifying information. You may also, unfortunately, now qualify for survivor ...(more)
0 votes
I'd suggest you contact your local Social Security office directly and ensure the letter was from them, then ask them how whom you can contact.
2 votes
Your contributions are based on a calendar year limit. As an employee, you can contribute up to $12,500 for 2015 with an additional catch-up contribution of $2,500 if age 50 or over. As an employer, there are employer matching contributions that need ...(more)
1 vote
Karl Klingmann Level 2
In all likelihood, yes. However, keep in mind the IRS mandates that the contributions are made within a timely manner.
0 votes
Brian Kuhn CFP® Level 17
Perhaps this article is helpful. http://www.brightscope.com/financial-planning/advice/article/24529/10-Ways-To-Find-An-Old-401K-Plan/
0 votes
Contact your human resources department or the controller's office. They will be able to tell you what your balance is.
9 votes
Frank Reilly Level 19
Though there are many similarities between group annuity plans and net asset value (NAV) plans, there are also very important differences as well. Essentially, if you have not flatten or levelized compensation with both your Provider and your Advisor, ...(more)
5 votes
Leon, There are two fundamental differences: who will be contributing to the plan and how the benefits will be collected. A 401(k) plan is a type of defined contribution plan that is funded primarily by employee salary deferrals. Generally, the employer ...(more)
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