Retirement Planning

Recent Answers

2012-02-09 Personal Investment & Financial Planning - IRA:

Hi. Although an IRA that is invested in mutual funds, stocks, bonds, etc, is not federally insured, you should be covered by the brokerage houses errors and ommissions insurance of there was fraudulant

2012-02-09 Accounting, Payroll & Pension Issues - Payroll taxes:

One thing that is going on right now which does make a difference is the fact that the president passed a payday holiday bill which cut the Social Security amount withheld from 6.2% to 4.2% through the

2012-02-07 Accounting, Payroll & Pension Issues - 403b employer contribution:

Hi Christopher,    You are correct.  403(b) contributions made to your account represent your assets and not the employer's assets.    For employer's contributions, the transfers might not be immediate

2012-02-04 Accounting, Payroll & Pension Issues - Early withdrawal of 401k funds:

Hi Darcy,    Thanks for your question.    One of the objective in financial planning is to establish an emergency fund.  That was not done - but that is water over a dam.    In general, I am not fond of

2012-02-04 Accounting, Payroll & Pension Issues - Tax exemption on Lump Sum Dist.:

If the money is paid to you - it will be subject to federal income tax, state income tax (if you live in a state that has an income tax) and a 10% excise tax for money received before age 59 1/2. The trustee