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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)
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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)
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You will need to wait until 59 1/2 to start taking with drawls without a penalty
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First, who is the plan provider.
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Wonderful! I always love unexpected money. Do you still have contacts at the company? You should have been getting statements at least annually on your benefit. One way or the other, contact the company, find out who to talk to about your retirement ...(more)
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First off, whatever you do, don't let anyone talk you into rolling it over until you have all the information you need. Why? If you leave your company after age 55, you can access your 401k money without the 10% penalty. If you roll it to an IRA and ...(more)
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The plan is required to provide that information to you at least annually, but you can request it at any time. Contact the plan administrator and ask. Are you specifically asking about how much is in your account, or the plan as a whole?
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Your 401k plan should have an established process. Contact whoever is in charge of your plan and ask how to start it. They will require you to provide information on what your hardship is, and what other financial resources you have available. They ...(more)
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As of a couple of years ago, they had some good target date funds with low expense ratios. I haven't come across them recently but I gotta imagine that those funds are still available.
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Jean Fullerton Level 1
You will owe tax, at your income tax rate, when you withdraw money from the account. Contact the company where your bother worked, or the custodian that holds the 401k to see what your options and requirements are for the account.
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Jean Fullerton Level 1
If you were listed at the sole primary beneficiary on your husband's IRA account you should be able to contact your adviser and/or account custodian and have them send you the forms to rollover his account into yours. If you are over 70.5 note that you ...(more)
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Contact your company benefits office or HR department.
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Contact your benefits administrator. They should be able to provide you with the information you seek.
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Roth conversions are taxable as ordinary income the year the conversion is made. I would suggest only converting an amount that will not push you into a higher tax bracket. If your tax bracket will be lower once you retire, that might be the time to ...(more)
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Roth IRAs are not taxed at all (as long as you are over 59 1/2 yrs old & have had the account open for more than 5 years. Withdrawals from your 401(k) will be taxed at the same rate as ordinary income tax (no penalties as long as you are over 59 ...(more)
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There are many types of loans out there - each are utilized for a specific purpose and are based on different aspects of your life (personal credit score, collateral (an asset like a home, car, or investment account)). The different types are: Open-Ended ...(more)
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The company address is listed as 160 Pacific Avenue, Suite200, San Francisco CA 94111, I would call them on 415.875.1000 or go to the website www.norcalwaste.com. You will need to find out who controls the ESOP on behalf of the company.
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This will depend on the plan type as there are restrictions placed on the different types of plan. Investopedia back in December 2015 posted an article stating "The majority of companies offer some sort of matching contribution for an average of 2.7% ...(more)
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You would need to contact the retirement company (Plan Sponsor) who runs the 401K. They can provide you with the statement of account showing all the investments and their value. Some offer online portals others will mail you the statement
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You will need to contact the plan sponsor. Their name should be at the top of the statement. You can contact them directly and discuss the options available. There will be a penalty to pay depending upon your age in addition to income tax. I would discuss ...(more)
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At the age of 70.5 you will be required to take out your (RMD)Required Minimum Distribution. The RMD is as it says the minimum distribution. The RMD is taxable as income for the year you receive it and each year after that. Taking the funds out and placing ...(more)
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Hari, You do have a lot options on how to handle your retirement savings. Are you currently working? Do you have a plan with your current employer? The investment choices and if you are wanting to contribute more should be the driving factors in your ...(more)
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Hey Hari, an IRA is an investment bucket, like a 401K plan. However, you can do anything in an IRA. You have limited choices in a 401K. To roll over a 401K, contact the HR department of your previous employer and have the check put into an IRA with ...(more)
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Have the 2 that you no longer participate in transferred directly to the one you are currently participating in. Your Human Resourced Dept. can help you with this process. If you are not actively participating in any of them, you can open an IRA and have ...(more)
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One of the options you have with an old 401k is to roll it into your new 401k plan with your new company. In order to accomplish this you will have to call your old 401k company and ask them for the proper forms for you to fill out. Your new company's ...(more)
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Best to open an IRA account and than Roll-Over 401K into that account. Otherwise will be a 10% penalty for withdrawal prior to 59 1/2 plus all will be added to your income for this year. Taxed as income.
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Call the company's Benefits Dept or HR Dept to get the phone number for the 401k company they use (if you don't already have the phone number). Call the number and the 401k company should be able to give you the information you are requesting after asking ...(more)
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The short answer is no, you won't be able to share the funds without incurring taxes and penalties. Since you are the sole beneficiary you are the only person to which the funds in the account can be distributed without taxes and penalties.
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To get the specific options you'll have to call Sun Chemical's benefits dept but generally speaking most pension plans allow you 2 options for cashing out your pension once you have either retired or separated employment: 1 - Full Liquidation - the pension ...(more)
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You just have to call your former employer and get information from them as to where the money is held, and who to call to get access to it.
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There are a number of online directories or search cites you can consult: http://www.tagdata.com/tpa-directory http://www.erisaconnect.com/ http://www.401khelpcenter.com/pdf/Solok_Vendor_List.pdf
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"Cashing Out" can mean a couple of vastly different things. If you are looking for some extra cash to pay off bills or to spend in some other way, then it is a straight forward process as outlined in the previous answer. Please keep in mind that this ...(more)
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I would start with the plan advisor provided by your employer. A call to your HR department will get you some basic information and directions on how to get more from the plan administrator. They will be able to get you a list of the investment options ...(more)
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I would recommend that you make a short list of the personal attributes you are looking for in an advisor. Many people focus on numbers and performance to the exclusion of what really matters, and that is do you get along with and trust the person you ...(more)
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Avani Desai Level 1
Do you have a 401K with your current employer?
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Avani Desai Level 1
I am happy to help.
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My recommendation is to contact Greg Bakke at Expand Financial. 720.387-8158
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You will want to call the financial firm that operates the 401k plan for Lowes (you should be able to find the phone number on a recent statement) and request how to withdraw or rollover your funds. Alternatively, contact the Lowes HR department and they ...(more)
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Tripp Welch Level 2
The 401(k) plan document governs the operation of the plan. It sounds as though the document prohibits in-service withdraws therefore you would have to separate from service to be able to access your savings. Plan documents have re-hire provisions in ...(more)
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Tripp Welch Level 2
It depends on the terms of the merger/aquisition. The fact that the new company does not have a plan established does not seem to point to the fact that you will have a forced election. Most mergers give employees the option to 1) keep $ in the old ...(more)
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Tripp Welch Level 2
It is hard to advise on the stock purchase plan without knowing more details. If your your 401(k) has a match, you should contribute a sufficient percentage of your paycheck to get all of the free company match that is available. If you still have the ...(more)
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If you are still looking for an answer to this question, "California Estate Law: Wills and Trusts Made Easy: Make Your Own Will, Trust, Power of Attorney Over Financial Affairs, and Advance Healthcare Directive" by Brenda J Edwards JD looks like a book ...(more)
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Besides the previous comments, there is an assumption made that the two securities' returns are highly correlated with each other. If they are not, it is not statistically correct to depend on beta as a risk measure.
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Try the Palm Springs Angel List: https://angel.co/palm-springs/investors
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I personally use Pensco Trust Company. They have great service and wide range of features.
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When converting any pretax account such as your 457 into a post tax account such as the Roth IRA, you can have the taxes withheld on the transfer. You get to choose the amount that you have withheld, based on whatever % tax bracket you think you will ...(more)
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Wendell, I'm assuming you're talking about the Sheet Metal Workers' National Pension fund? It's a unique plan and would love to go over the options with you. It depends on a few factors. Feel free to call or email. -Rick Rick.Solt@edwardjones.com 972.239.5630 ...(more)
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Ennis, Usually, we can call the provider and initiate it. I would be happy to help if I had more info. Rick Solt 972.239.5630 Rick.solt@edwardjones.com
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Kathy, There is many potential ways to do this depending on circumstances. Feel free to email or call me to go over options. Rick.Solt@edwardjones.com 972-239-5630
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Hi Wendell, Is your supplemental savings plan setup as a 401(k) or IRA or are you not sure? You will most likely owe taxes on the distributions. You also could most likely do a lump-sum withdrawal but it would probably make more tax sense to draw the ...(more)
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