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Frequently Asked Questions

Can I borrow against my Retirement Plan funds?

Frequently Asked Questions: Retirement Plan, Benefits, Human...
Yes, (effective January 1, 1999) you may borrow against RA, GRA, GSRA and SRA and both Basic (matched) and Supplemental (unmatched) Fidelity Contributions.

Can a participant borrow from his or her retirement plan?

Creative Retirement Systems - Frequently Asked Questions - C...
The employer determines if the plan allows for participant loans. This choice is selected in the adoption agreement. If loans are allowed in a plan, it is disclosed to the participants in the summary plan description. See similar questions...

What happens to Retirement Plan funds after I leave the University?

Frequently Asked Questions: Retirement Plan, Benefits, Human...
The money you contribute to the Retirement Plan belongs to you and is immediately vested. When you leave the University, you take the amount you have accumulated with you. You will continue to earn interest and applicable dividends on such funds until you begin receiving annuity income at retirement or withdraw funds at an earlier date. See similar questions...

I have funds in a retirement plan at a former job. How do I roll it over?

Investment/Retirement, Section 457, IRA FAQs | North Shore B...
Your current employer will provide you with a form that will allow you to roll over your retirement plan into a North Shore Bank IRA. Because Tax penalties can be assessed if not handled properly, we recommend that you check with North Shore Bank or your tax advisor before initiating this type of transaction. Learn More. See similar questions...

Can I rollover into my Equity-League 401(k) Plan funds from another retirement plan?

k) Hardship Withdrawals effective January 1, 2005: Equity-Le...
Yes. You may rollover funds from a qualified retirement plan into your 401(k) Plan. You may download the 'Rollover Statement' from this website or you may contact the Fund Office. See similar questions...

Why should I roll my retirement plan money into an American Funds IRA?

American Funds: Frequently asked questions
American Funds is one of the most experienced and respected investment managers in the United States. We’ve managed money and provided consistent long-term results for our investors for more than 70 years. See similar questions...

Can I transfer the American Funds shares held in my retirement plan account into an IRA?

American Funds: Frequently asked questions
It depends on your retirement plan. Check your plan’s Summary Plan Description to see when you’re allowed to take a distribution. If you qualify to take a distribution (other than a hardship distribution or a required minimum distribution) and you own American Funds Class A, B or C shares, you can request a direct rollover to an IRA. If you own American Funds Class R shares, they have to be sold so that the proceeds can be used to purchase Class A, B or C shares in an IRA. See similar questions...

How much can I contribute to the Retirement Plan?

Frequently Asked Questions: Retirement Plan, Benefits, Human...
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...

How do I enroll in the Retirement Plan?

Frequently Asked Questions: Retirement Plan, Benefits, Human...
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...

Why should I participate in the Retirement Plan?

Frequently Asked Questions: Retirement Plan, Benefits, Human...
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...

What is your plan after retirement?

snow in the field: Yukiko Tanaka, pianist
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...

If I am laid off, are my retirement funds safe?

Consumer FAQs about Pension Plans and ERISA
Generally, your pension funds should not be at risk when a plant or business closes. Employers must comply with federal laws when establishing and running pension plans, and the consequences of not prudently managing pension plan assets are serious. In addition, your pension benefits may be protected by the federal government. Traditional plans (defined benefit plans) are insured by the Pension Benefit Guaranty Corporation (PBGC), a federal government corporation. See similar questions...

Can I borrow against my retirement contributions?

FAQS
No, at this time, no loan provisions are allowed with the State Retirement Systems. However, there may be loan provisions through supplemental retirement plans such as 401(k) and 403(b). See similar questions...

Can I borrow money from my retirement account?

Boise State University Human Resource Services - Benefits
You cannot borrow from your mandatory retirement account. You may only borrow money from your supplemental retirement account. You will need to contact the Supplemental Retirement Vendor directly. Vendor information is available on the HRS website. See similar questions...

Can I Borrow Against My Retirement Account?

FAQs
No, a member may not borrow from or withdraw their contributions and interest while they are an active County or Member District employee. The money in your retirement account is for retirement savings and can only be accessed if you terminate County employment. Termination and immediate rehire for the purpose of withdrawing contributions and interest is not allowed and is a federal violation. See similar questions...

Who is eligible to participate in the Retirement Plan?

Frequently Asked Questions: Retirement Plan, Benefits, Human...
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...

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