Trending Question and Answers Ask a Question

0 votes
There are no tax consequences for moving retirement funds from one account to another retirement account once a year. The release of funds from the former employer depends of the type of plan and how it is written. You say pension plan so I don't have ...(more)
0 votes
Your HR probably gave you a summary plan description when you became eligible to join the plan. If you do not have those materials or the related website, Brightscope actually has a ton of plan information.
0 votes
Jacqueline, You should be receiving statements quarterly by mail or email. If you are still working for the company, you can find out if they have loan provisions and if your need qualifies. Otherwise, if you take money directly out of the plan, you ...(more)
0 votes
Rob Spadaford Level 1
Hello! I would start by calling and asking your employer's Human Resources Department - or call their corporate main phone number. They can let you know who, how, and where to inquire about your 401(k). Good luck - Rob Spadaford
0 votes
Rob Spadaford Level 1
Hello! I would start by calling your Human Resources Department at Sports Authority - or call their corporate main phone number. They can let you know who, how, and where to inquire about your 401(k). Good luck - Rob Spadaford
0 votes
If you have an old statement, it should have a phone number that you can call to get updated information. If you need to update your mailing or email address they will likely need you to sign a form and return it to them. Some plans allow you to leave ...(more)
0 votes
RMDs are important and if not taken can result in a penalty of 50% of the amount you were supposed to take out of your account. There is a specific minimum distribution based on your age and the value of the account and it is recalculated every year. ...(more)
0 votes
770-954-8823
0 votes
Once you meet your RMD for the year, you can invest the money in any taxable account that you choose. An interesting possibility is instead of taking a distribution of cash, taking a distribution of the appropriate value in securities (stock, bond, mutual ...(more)
0 votes
Each statement should have a phone number for a service department on it. If you haven't been receiving paper or email statements, call the HR department of each company.
0 votes
You should be receiving quarterly statements for your 401(k) account. It is nest to call the HR department and see if they have an old email and/or physical mailing address on file. I can discuss in greater detail if you contact me directly and discuss ...(more)
0 votes
No, the cannot delete your account. I would contact the Sharp HR about your account. Are you still working for the company? If not, you could roll the 401(k) into an IRA account and have more control over it. However, you may have benefits to leaving ...(more)
0 votes
Herbert N Glass Level 18
To determine if you can get a plan loan from your 401(k) plan, you may do the following: When you entered the plan you should have been given a Summary Plan Description ("SPD") from your employer or the financial institution that holds the 401(k) monies ...(more)
0 votes
Contact the HR Dept at that company. Ask for the appropriate forms to either cash out your balance (and pay taxes on it) or roll it over to another Retirement Account (IRA, 401k,etc)
0 votes
You will need to wait until 59 1/2 to start taking with drawls without a penalty
  • posts per page
  • 15