Accounting, Payroll & Pension Issues/Expert Profile


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Expertise

Pension questions ONLY. Pension, profit sharing, and 401(k) plan design, installation, administration and actuarial services; rollovers to Individual Retirement Accounts; taxation of retirement plan distributions

Experience in the area

Over 35years experience in the pension field

Organizations

Various actuarial organizations

Education/Credentials

MBA and various professional certifications

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    K = Knowledgeability    C = Clarity of Response    T = Timeliness    P = Politeness
UserDateKCTPComments
Lars11/06/0910101010This is exactly the information I needed .....
AManda11/03/0910101010 
Hing10/30/0910101010 
Mary10/13/0910101010 
Margie09/22/0910101010 

Recent Answers from Allen

2009-11-06 Employer 401(k) Options:

Once you involve an investment advisor he or she will want to be paid for the time involved. And 1-1.5% as a total fee is reasonable. The only way to get lower is to deal directly with the financial institution

2009-10-31 Borrowing from Pension:

Sorry to read about your situation. You will have to verify if his plan allows loans. Many plans do. A few don't. If the plan does allow loans, you should ask the Plan Administrator for a copy of the

2009-10-30 Pension Rollover:

The money can be rolled over if you elect a payout period of less than 10 years. You can also choose to roll over some payments and not rollover other payments. One problem with doing this is that

2009-10-27 retirement plans:

Sorry for the delay in getting back to you. You only have one limit and that's $16,500 in 2009 (or $22,000 if you were born before January 1, 1960). The amount you can contribute to the 401(k) is this

2009-10-17 Lump sum limits:

The 2006 Act does not limit the amount of the lump sum payment. An older law does limit the maximum annual pension benefit that can be received from a defined benefit pension plan. For 2009 and 2010 the

 

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