All Questions
Tagged with retirement-plan irs
7
questions
0
votes
0
answers
46
views
Received a 2023 W-2 from a former employer with retirement Plan box checked
I switched jobs in Nov. 2022. The former employer provided 401(K), and the new employer (a small firm) required 1 year waiting period for 401(K) plan participation and can only enroll in January and ...
2
votes
0
answers
72
views
457(b) withdrawal limits?
I have a 457(b) from a state (Minnesota) employer which allows me to withdraw money from it in either regular monthly amounts or via 1-time withdrawals.
Years ago (5-7?) I was told that once I start ...
- 121
9
votes
4
answers
2k
views
Am I really required to set up an Inherited IRA?
Due to death of a parent, I am beneficiary to a defined contribution employer retirement plan of type 403(b). The assets are pre-tax, a dozen or so mutual funds with names like "Stock Index Fund&...
- 245
2
votes
1
answer
52
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CARES-related withdrawal: eligible plan vs. opt-in
It seems a qualified individual with an eligible retirement plan can apply CARES act provisions with regard to withdrawals/distributions received during calendar year 2020, whether or not the plan ...
- 135
1
vote
2
answers
195
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401k and IRA withdrawal, current tax bracket, or do the amounts increase your tax bracket
I read that 401k and IRA withdrawals are taxed at "your current tax bracket", as in the highest tax amount you pay in progressive income tax.
So for an illustrative example, if you are in the 10% tax ...
- 20.2k
2
votes
2
answers
815
views
IRS Form 5500-EZ (5500EZ). How to file late
I had an S-Corp that I closed down in 2013. I didn't realize I needed to file a form 5500-EZ because although the assets in the Self Managed Individual 401K were less than $250,000, you need to file ...
- 185
1
vote
0
answers
47
views
Do matching contributions under SIMPLE IRA apply to IRS 93-27 and 2001-43 distributions
A SIMPLE IRA is set up which includes 3% matching contributions.
An employee receives money through payments which are under IRS 93-27 and 2001-43 guidelines. The payments are sort of like owning ...
- 1,325