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.
1 vote
Edin Cuskovic Level 2
The Closing Disclosure is prepared by your closing attorney. I believe it is sometimes referred to as the HUD statement. It lists all the various financial details pertaining to the purchase of the home such as closing costs incurred by you, and who ...(more)
0 votes
Cathy Pareto Level 1
The best way to start is by contacting your previous employer's HR department. They should be able to guide you.
0 votes
If you are still with your job your HR rep should be able to help you. If you have a received a statement in the mail there should be information on the front page about whom to contact with questions. In many cases you can make the changes over the ...(more)
0 votes
Jeffery- I hope things are well with you. What you are doing is a great thing to be done. The first place to start is with your previous employer. If the amount was more than $5,000 the money should still be in the 401(k) plan. If it was less than ...(more)
0 votes
Herbert N Glass Level 18
The Department of Labor (DOL) has said in Regulations that they want 401(k) deposits of employees' money to be deposited within 7 business days following the payroll deduction. Their commentary is that the deposit should be made at the same time as other ...(more)
0 votes
Hello Lapronica- There are two options you have. Option 1, the best thing to do is that you will want to contact your previous employer and ask them for a distribution form. The next step would be to setup an IRA at either your bank, or other financial ...(more)
0 votes
Those are all excellent answers but Sheila is referring to a Pooled 401k account and not a participant direct 401k account. In other words, the participants only decide how much to contribute to the plan, not the investment mix. The investment advisor ...(more)
0 votes
What other questions did you have that the adviser could not answer?
0 votes
Good Afternoon Patrick... I would be happy to help you with this. Do you know the mutual fund symbol by chance? If you would feel more comfortable to communicate by email or phone here is my info... Rick.solt@edwardjones.com 972-239-5630
0 votes
Vincent, Did they state a reason why you had to wait a year? If you're no longer working for the company there shouldn't be a restriction.
0 votes
Hey Greg- First off, I want to say I hope that the bills are from a successful medical procedure and that everyone is doing well. As mentioned there are some retirement plans that allow for you to take a loan from yourself and you can use that money to ...(more)
0 votes
Check with your tax advisor, as most Financial Advisors are not permitted to give tax advice. Monies in qualified plans (401(k)s and 403(b)s are both qualified plans) are accessible without early distribution penalties for medical reasons. You may have ...(more)
0 votes
Herbert N Glass Level 18
It is legally permissible for both 401(k) plans and 403(b) plans to offer participant loans for any need that a participant may have - however there is no legal requirement that such plans must have a loan feature. In addition, if a plan does make participant ...(more)
0 votes
Denny, If you no longer work for Par Kan and have a retirement account with them you have a few options: 1) You can cash out the retirement account. If it is a 401(k) or other qualified account and you decide to withdraw you will be taxed on the withdrawal ...(more)
0 votes
Chris Schiffer Level 14
That is a pretty general question. I cannot make a recommendation withough understand more about your firm's structure and the goals for your participants. There are many options for smaler plans to set up a 401k . It is also possible to set up multiple ...(more)
  • posts per page
  • 15