Answers in Financial Planning

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Justin, If you have funds in a 401(k) that you deferred or employer contributions that you were fully vested in then the money is this there for you.
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John, I'm sorry for your loss. Often you will need to contact your father's financial advisor or employer with an Official death certificate. If you would like to discuss please email or call 770-954-8823. Sincerely, Stephanie
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If you are still working there you might be allowed to take a loan from the 401(k). If you take the money completely out of the plan, you will be charged an IRS penalty of 10% and 20% in taxes will be held out for you. The Human Resources Department ...(more)
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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)
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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)
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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
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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
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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)
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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)
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770-954-8823
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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.
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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)
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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 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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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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