a) Yes, an IRA is subject to the required minimum distribution rules provided in section 401(a)(9). In order to satisfy section 401(a)(9) for purposes of determining required minimum distributions for calendar years beginning on or after January 1, 2003, the rules of Sec. Sec. 1.401(a)(9)-1 through 1.401(a)(9)-9 and 1.401(a)(9)-6 for defined contribution plans must be applied, except as otherwise provided in this section.

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

Provided the IRA document permits rollovers, almost any type of plan distribution can be rolled over into it.

Payments by employers to Section 125 Plans, sometimes referred to as cafeteria plans, flexible benefit plans or mini-flex plans, which provide the opportunity for employees to elect to reduce their taxable compensation to pay for non-taxable benefits such as hospitalization, group term life insurance, group disability insurance, etc.

The basic investment vehicle for each of these plans is an IRA, and the investment restrictions apply equally to all types of IRAs.

A 401(k) plan is a defined contribution plan that is a cash or deferred arrangement. You can elect to defer receiving a portion of your salary which is instead contributed on your behalf, before taxes, to the 401(k) plan. Sometimes the employer may match your contributions. There are special rules governing the operation of a 401(k) plan. For example, there is a dollar limit on the amount you may elect to defer each year. The dollar limit is $11,000.

Both plan designs provide the employer protection from top heavy rules as long as the employer makes the employer contributions required under these plan designs. SIMPLE 401(k) plans are exempt from top heavy rules. Safe harbor 401(k) plans are deemed to not be top heavy if operated within certain parameters. If the employer makes employer contributions in addition to the safe harbor contribution, the plan may not be deemed to not be top heavy for that given plan year.

Yes. New 2002 final and temporary regulations (2002 final regulations) were published in the Federal Register on April 17, 2002. They incorporate, with several modifications, the proposed regulations that were published in the Federal Register on January 19, 2001, and in the Internal Revenue Bulletin(2001-11, page 865) on March 12, 2001.

In several major ways. Section 530 plans limit investment to $2,000 a year per student; 529 plans allow much larger investment. Section 530 plans allow wide choice of investment; 529 investment choices are limited and conservative. Section 530 is a single nationwide program; each 529 program is different. Though both are available for higher education, Section 530 can also be used for primary and secondary education. You are free to use both for higher education for the same student.

Unlike the Traditional IRA, you are not required to take distributions from your Roth IRA at age 70 ?.

Once a distribution is taken from an IRA, you have sixty days from the time you receive the check to replace those funds and avoid any associated penalties or taxes. This type of rollover can be done only once every 365 days.

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.

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.

For Employees: 401(k) plans are popular with employees because they are able to divert a portion of their salary into an account that is set aside for their retirement while simultaneously reducing their current tax bill. Employees are not required to pay income tax on these salary deferrals until they take the money out of the 401(k) plan, at some time in the future.

Yes! Although an MSA operates under many of the same rules that apply to traditional IRAs, it is not an IRA. In other words, an MSA is not a "retirement" plan--it is a "savings account" plan for medical expenses. Plus, unlike an IRA, there are no special income restrictions!

The term 'Goth' was used by Ian Astbury who described Andi Sex Gang as a 'gothic pixie' and popularised by the UK music magazines New Musical Express and Sounds (NME) and was used to describe a class of music. For some people that music became the basis for a 'way of life'. They brought their own backgrounds and interests along and a sub-culture was formed and it took for itself the name Gothic.

Ans. Gottaplay has distribution centers in the following states; Connecticut, California, Washington, Arizona, Georgia, Texas, Illinois, Maryland and Colorado

A rehired veteran must be permitted to make up missed contributions required to earn a benefit accrual for the military service period. Return to List of FAQs