You can take the cash, but financial experts almost always advise against it. You'll lose a large portion of your money to taxes. When you add up the federal and possible state and local taxes, you may end up with less than you thought you had. If you're under 59 1/2 when you cash out of your plan, you'll also have to pay penalties. There are a few times when this penalty does not apply. You can avoid the penalty if: You take your distribution in substantially equal payments. See similar questions...

of January 1, 2003 under IRS rules, you can generally contribute 100% of your Northwestern University salary up to $12,000, whichever is lower. Employees who have attained 15 years or more years of qualifying University service may make additional contributions above the limits specified in the table above if they failed to maximize their 403(b) contributions earlier in their employment. See similar questions...

Review Retirement Plan literature including the University's descriptive summary of the plan along with brochures and other materials published by TIAA-CREF and Fidelity Investments. Determine your retirement income goals - How much you feel you will need as income once you retire. Translate this figure to the amount you will need to contribute today in order to accumulate the necessary funds for the future. See similar questions...

There are many reasons for participating in the University's Retirement Plan including the fact that it is currently estimated that the Contributions you are making to Social Security will provide for only a small portion of the income you will need after you retire. The University's Retirement Plan is an excellent means of setting aside money you will need in the future. See similar questions...

Answer: You may change your fund allocation within Fidelity or TIAA-CREF simply by calling their customer service number, or you may establish a PIN (personal identification number) online and make changes directly on the Fidelity Web site or TIAA-CREF Web site. Answer: If you are interested in taking a course that is scheduled during your regular work day, your department chair or supervisor must sign your Tuition Remission form in order for the benefit to be approved. See similar questions...

First of all, I am note employed, so I don't know if there is such a thing like retirement for me, but if there is, I want to be a get-upper in Subway. What is this? You know, people fall asleep during the subway ride. I get them up when they need to get off. Especially at the Flushing-Main street stop, if you don't get off, you will be sent back to Times Sq. I am sure many people will appreciate my job. See similar questions...

Any employee on the regular payroll who is scheduled to work half-time or more (17.5 or more hours per week) and is at least age 24 may participate in the University's Basic Retirement Plan and make contributions which will be matched by the University. Any employee who is at least half time or more may participate in the Supplemental Retirement Plan. See similar questions...

You can direct contributions to two investment companies, TIAA-CREF and/or Fidelity Investments These two investment companies offer a full range of diversified aggressive to conservative investment funds. Voluntary (unmatched) or Supplemental contributions may be directed by employees enrolling in the plan for the first time to the Group Supplemental Retirement Annuity (GSRA) contract offered by TIAA-CREF. Voluntary Contributions may also be directed to any Fidelity mutual fund. See similar questions...

The IRS takes the position that the money you contribute to the Retirement Plan is to be used as income after you retire. While the IRS encourages your participation by allowing you to make Contributions and receive associated earnings on a taxed-deferred basis, there are restrictions on when you may access accumulated funds. See similar questions...

Yes, (effective January 1, 1999) you may borrow against RA, GRA, GSRA and SRA and both Basic (matched) and Supplemental (unmatched) Fidelity Contributions. See similar questions...

We believe that the number of employees in the wrong retirement plan is very small. Agencies have discovered and corrected many retirement coverage errors. However, we are certain some employees still are in the wrong retirement plan. If you have not worked for the Federal government continuously since 1983, or you have had changes in appointment types and retirement plans, then you may want to ask your agency to review your retirement coverage to ensure that it is correct. See similar questions...

Which retirement plan you belong in depends upon the type of appointment you have and your work history. The rules can be complicated. Thats why some employees are in the wrong plan. Below are some of the common errors, broken down by retirement plan. Find your retirement plan, and see if you fit any of the situations listed. If you do, you may be in the wrong plan. But, remember there are exceptions to the general rules. See similar questions...

Answer: Your required contribution and the University's contribution to the Boston University Retirement Plan are not accessible to you for any reason prior to age 65, while you are employed at the University. However, you may withdraw funds from your Supplemental Retirement and Savings Plan to purchase your primary home. You will be required to pay a 10% tax penalty plus ordinary income tax on any funds withdrawn prior to age 59½, per Internal Revenue Service regulations. See similar questions...

Yes. Flintco provides a percentage company match for employee 401(k) plans as one component of its many employee benefits and the employee may contribute as much as 75% of base wages. Yes. At a minimum, annual performance evaluations are conducted. Flintco’s policy is to promote from within whenever possible. See similar questions...

Can we borrow money from our retirement plan?A. No. You're only allowed to withdraw your retirement funds when: 1) You retire from the University. 2) You separate from the University. See similar questions...

It is an investment-linked plan offered by NTUC Income. Your savings is invested in the money market fund. Most of the money are lent as short term deposits to banks and well-rated corporations. You can earn a return on your savings that is quite close to the short term interest rate in the money market. Yes. You start with a minimum investment of $5,000*. You can put in money at any time, subject to a minimum of $500. You can also withdraw your savings at any time - with no penalty. See similar questions...

No. There are no credible plans to replace Social Security as the foundation for the retirement of American workers. See similar questions...

Participation in the Retirement Plan requires the completion of the online enrollment process at hire and during Open Enrollment and afterward the submittal of a completed Retirement Plan Enrollment and Contribution Change Form as well the eatablishment of an investment company account which may be done online. Contributions will not commence until the enrollment process is completed. See similar questions...