H.R. 1424 Emergency Economic Stabilization Act of 2008 http://thomas.loc.gov/cgi-bin/query/C?c110:./temp/~c110JIik9X section 7701(a)(37) of such Code), in a distribution described in section 408(d)(3) of such Code, and (II) in the case of any other eligible retirement plan, in an eligible rollover distribution (as defined under section 402(f)(2) of such Code), and (ii) as having transferred the amount…

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My wife got laid off a few months ago and is working for another company and we can either roll it over to her new plan or take the distribution. ( I know the smart thing is to roll it over because shes not 59.5 and will be taxed 10%. Is it based on salary…

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I left my company last year and promptly rolled over all of my 401(k) *directly* to an IRA. I’ve done this several times before. I almost had a heart attack when I got a 1099 from them reporting 28% of it as a "Taxable amount". I surely intend to talk to them on Monday, but…

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Texas 47 yr old man remarries in same state, has a 3-yr old child. He owes back child support, 12,500+ arrears. Kids are now mid 20’s & living in another state where their mother lives. He’s been unemployed for the last 1.5 ys. He’s lazy and dislikes work. Current wife makes over $70K yr. She’s…

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Hi, I was thinking about this scenario recently: December 31st, 2035, I turn 70; December 31st, 2036 I’ll be 71. I will always take my RMD before Midnight, December 31st of each year once I begin taking them. To calculate RMDs from my and my wife’s IRAs (excluding Roth IRA) and my 401K, is the…

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A penalty free one time withdrawal allowance from your personal retirement plan be it a 401k or IRA. The amount would be limited to say, 10% or $10,000 whichever is smaller of the employee portion of the contributions to prevent those that don’t really need it from floating themselves an interest-free loan. The payback period…

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I am 30 years old and I have $18,000 or so in credit card debt. I started a small law practice a year ago and it’s going well, but I am scraping by. One major reason I am scraping by is because the interest rates on the $18,000 in debt went from 0% (when times…

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The July spotlight on employee benefits discusses Wal-Marts recent decision to support President Obamas health insurance mandate; looks at a recent study showing ways to raise employee morale without paying a fortune; and details a study of the effects of lump-sum distributions from an employment-based retirement plan. Duration : 0:3:55

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my husband filed our 2008 tax return,,i had just received my 1099r form for a loan i had taken from my retirement plan,,,what should i do??,,,the amount shown on the form is 1007.11,,how much would we have to pay,,and can we file this separately now that we had already filed our taxes,,please help If you…

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I have a 401k with Nordstrom. I was employed there over the summer. Now they told me I have 30 days to do something with my funds it or I would receive a distribution of the funds (I think). The reason they are doing this is because the amount is so little, it’s $175. So…

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