For 2000, if you participate in an employer-sponsored retirement plan such as a 401(k), you can deduct the maximum $2,000 annual IRA contribution only if you are: If you are single and earn more than $42,000 or married-filing-jointly and earn more than $62,000 you can still contribute to an IRA, but you can't deduct your contribution. On the other hand, money you contribute to an IRA still enjoys the benefit of tax-deferred growth until you withdraw it at retirement.

If you have enough money to contribute to your 401(k) plan and a Roth IRA, you may invest in a Roth IRA if your income level allows you to do so. Generally speaking, you should contribute to your 401(k) at least up to the amount that your employer matches your contributions. Beyond that level, it may make sense to invest the maximum allowed in a Roth IRA. See similar questions...

IRA can be rolled over into a qualified retirement plan, assuming the qualified retirement plan has language permitting such rollovers. See similar questions...

Yes, you can. In fact, this is what most private lenders do. You can do this as long as you are in control of that 401(k) or IRA; it must be self-directed. If you are not happy with what your investments in IRA or 401(k), you can roll that over into self directed IRA. This is not a taxable distribution, usually they cost about $55, and it is very simple to do. See similar questions...

No, your stocks can be transferred “in-kind,” which means that they will be transferred as is to your new plan. For accounting or audit purposes, you will want to keep track of the in-kind market value at the point of your rollover. See similar questions...

In many instances, as long as the shares were purchased during the class period. However, you should make sure the Plan is not filing a claim on behalf of all class purchases. If you are no longer in a Plan, ask the Plan Administrator whether you should file on your own behalf. That depends on the Plan of Allocation in the case. Sometimes transactions with gains have a zero recognized claim. We Are ProudWe are proud to be ranked consistently among the top accounting firms in the Delaware Valley. See similar questions...

the Tennessee income tax does not apply to salaries and wages, items of income such as Social Security and pension income are not subject to state tax. Tenn. Code Ann. Section 67-2-104(m) provides that income from stocks and bonds of pension trusts and profit-sharing trusts which are exempt from federal income taxation shall be exempt from the state income tax. This includes such accounts as IRA and 401(k) accounts. Distributions from IRAs and 401(k) plans are also exempt. See similar questions...

Yes. You can open these accounts directly with the fund by downloading an application from the website, calling our toll-free number, 1-800-930-3828 or through any one of the participating brokers. See similar questions...

Under the 1997 Taxpayer Relief Act, first-time homeowners can withdraw up to $10,000 penalty free from an individual retirement account (IRA) or 401(k) for a down payment to purchase a principal residence (though you might have to pay income tax on the amount withdrawn.) Borrowing against your 401(k) offers several advantages: This $10,000 is a lifetime limit -- and the money must be used within 120 days of the date you receive it. See similar questions...

Millennium Trust allows your entire account balance to be invested in futures, less $500. The $500 "deposit" is not eligible at any time to be invested in futures. This includes funds used to open the account and all subsequent deposits, including additional contributions, rollovers and transfers. See similar questions...

No. Only monies from a participant's prior Roth 401(k) qualified retirement account can be rolled over into a participant's Roth 401(k) account within your Plan. See similar questions...

No. But your participation ensures that you will be on the list of shareholders who are notified of how to claim their share of any recovery. You also have the right to pursue a claim individually, although it may not be efficient for you to do so from an economic standpoint. See similar questions...

Each year, the amount you can contribute to an IRA or 401(k) is governed by IRS rules. For 2006 the maximum amounts are $4,000 for an IRA and $15,500 (or 20% of annual compensation, whichever is less) for a 401(k). There are penalties for withdrawals before age 59½, as well as rules that dictate when you must begin withdrawing money. See similar questions...

The NEW law allows you to roll funds from an IRA into an HSA. However, the amount you contribute to your HSA is still limited by the annual contribution limits. See similar questions...

For 2007, the maximum amount an employee can contribute to a 401(k) plan is $10,500, except for catch-up contributions for employees age 50 or over, which adds another $2,500. There are several different limits that apply to a 401(k) plan in addition to the overall contribution limit. The maximum you can contribute will depend on your salary and the type of 401(k) plan to which you are contributing. See similar questions...

Yes. If your employer(s) offer both a 403(b) and a 401(k), you may contribute to both. However, your aggregate contributions may not exceed the elective deferral limit. In 2005, this limits your total contribution to $14,000. If you are age 50 or older at any time during the year, your contribution limit increases to $18,000. See similar questions...

Deferred Salary Contributions can only be made from taxable income. If you are being paid expenses you can only make deferrals from taxable overscale per diem. See similar questions...

No. You must be employed by any of the contracts that are eligible under the plan and all salary deferrals must be before taxes are taken out. See similar questions...

The maximum for pre-tax or "Salary Savings" contributions under IRC Section 401(k) limitations is the lesser of $15,000 for the year 2006 (plus $5,000 "catch-up" contribution for 2006 calendar year). Other limitations on contributions, such as total contribution (combined employee and employer) or testing requirements, may reduce that maximum for a specific employee, plan, or plan year. See similar questions...