Sentences with phrase «by retirement plan»

1) Agent John, acts as the buyer broker for an investment property to be acquired by his retirement plan.

For example, if retirement assets (pensions, profit - sharing plans, 401 (k) plans, or other tax - deferred retirement - type plans) are involved in your case, a special court order called a QDRO (Qualfied Domestic Relations Order) or a DRO (Domestic Relations Order) or a similar type of court order dividing retirement plan interests must be prepared, approved by the retirement plan administrator, signed and filed by the judge, served on the retirement plan administrator and then implemented by that plan administrator.

After the QDRO is approved by the court and processed by the retirement plan administrator, a separate retirement account is set up for the spouse who receives the retirement asset (the recipient is called the Alternate Payee.)

Getting a QDRO entered in court and processed by a retirement plan administrator can take months to complete.

1While non-qualified annuities offer the added benefit of tax deferral, in the case of qualified annuities, the tax deferral is provided by the retirement plan itself.

What happens at the death of the annuitant on an annuity contract that is owned by a retirement plan?

You can take the full deduction for your contribution, unless you or your spouse is covered by a retirement plan at work.

Securities issued by an employer of employees covered by a retirement plan that may be used as a plan investment option.

If your income is below a certain level or you are not covered by a retirement plan at work, deposits into a traditional IRA can be deducted.

If were covered by retirement plan at work or through self - employment, or repaid benefits in the tax year, or need to file Forms 4563, 8815 or excluding employer - provided adoption benefits, or income from sources within Puerto Rico, you can not use this system.

If you are covered by a retirement plan, your income will dictate whether or not your contribution is deductible.

Discretionary contributions, if allowed by the retirement plan, must be equal for all employees covered under the plan.

Be sure to refer to these charts from the IRS (linked above) for those who are covered and those who are not covered by a retirement plan at work.

When looking at employer - sponsored retirement plans, a mere 40 percent of respondents know, with a high degree of confidence, how much of their current income will be replaced by their retirement plan at work.

By contrast, employees not covered by a retirement plan at work can deduct their full traditional IRA contribution on their federal taxes.

If you or your spouse are already covered by a retirement plan at work, the IRA deduction may be reduced or eliminated once your income exceeds certain thresholds.

For 2018, if you are not covered by a retirement plan at work, but your spouse is, and you file a joint tax return, your traditional IRA contribution is fully deductible if your MAGI is $ 189,000 or less.

The rules are more simple because they do not depend upon whether you or your spouse are covered by a retirement plan at work.

Depending upon your family income and upon whether or not you or your spouse was covered by a retirement plan at work during the year, your deduction for your traditional IRA contribution may be reduced or eliminated.

Roth IRA contributions are never deductible, and thus it does not matter whether you are covered by a retirement plan at work.

The last two tables suggest optimal contribution strategies for single taxpayers who either are or are not covered by a retirement plan at work.

This table summarizes the rules for traditional IRA contributions, deductions, and tax basis, for married taxpayers filing jointly, when neither spouse is covered by a retirement plan at work.

With Roth IRAs, whether or not one is covered by a retirement plan at work does not matter.

Rows 2, 3, and 4 of this table cover the situation where a single taxpayer is covered by a retirement plan at work.

This table summarizes traditional IRA rules, where a married taxpayer filing jointly is covered by a retirement plan at work.

For single taxpayers who are covered by a retirement plan at work, IRA contribution strategies get more complicated.

The deductible amount could be reduced or eliminated if you or your spouse is already covered by a retirement plan at work.

If you or your spouse is covered by a retirement plan at work (such as a 401k or 403b) and you make a significant amount of money, you may not be able to deduct your traditional IRA contributions from your current year's taxes.

If your contributions are not tax deductible, you may be better served by another retirement plan, such as a Roth IRA.

The appetite for passive series was likely driven by retirement plan sponsors seeking lower costs.

Your full IRA contributions can always be deducted from your income for tax purposes if you are not covered by a retirement plan at work.

A working spouse not covered by a retirement plan through employment may make a tax - deductible contribution of up to $ 2,000 annually to an IRA despite the other spouse's coverage under an employer - provided retirement plan.

If you aren't covered by a retirement plan at work, you can deduct your entire annual Traditional IRA contribution limit, which is $ 5,500 for 2017 — $ 6,500 if you're 50 or older.

If you or your spouse is covered by a retirement plan at work, you can deduct your contributions based on the income guidelines in the chart below.

What happens at the death of the annuitant on an annuity contract that is owned by a retirement plan?

My wife would though I suppose since she isn't covered by a retirement plan at work.

The income limitations vary depending on filing status and whether or not the taxpayer is covered by a retirement plan through their employer.

In order to qualify for a tax deduction on a traditional IRA contribution, your modified adjusted gross income has to be below set limits if you, or your spouse, are covered by a retirement plan at work.

Recently, fellow Motley Fool Matthew Frankel did a great job at explaining adjusted income limits for IRA's here, but in short, if you're single and you are covered by a retirement plan at work, you can take the full deduction on a traditional IRA contribution if your adjusted income is below $ 62,000 in 2017.

If you are covered by a retirement plan at work (e.g., a 401k or pension) and your income exceeds certain limits, you can't take a deduction for a traditional IRA contribution, so a Roth IRA is the obvious choice.

If you're married filing jointly and covered by a retirement plan at work, then you can take a tax deduction on your traditional IRA contribution, as long as your adjusted income is below $ 99,000.

My spouse is covered by a retirement plan at work, but I am not.

Instead of working and getting paid, you get paid (by your retirement plan) and work.

Deductions vary according to your modified adjusted gross income (MAGI) and whether or not you're covered by a retirement plan at work.

If you're not covered by a retirement plan at work, you can deduct the entire amount of your IRA contribution (up to $ 5,500 annually, or $ 6,500 if you're 50 or older) on your income tax return.

If you or your spouse is covered by a retirement plan at work (such as a 401k or 403b) and you make a significant amount of money, you may not be able to deduct your traditional IRA contributions from your current year's taxes.

If you or your spouse is covered by a retirement plan at work, you can deduct your contributions based on the income guidelines in the chart below.

You can take the full deduction for your contribution, unless you or your spouse is covered by a retirement plan at work.

If you are covered by a retirement plan, your income will dictate whether or not your contribution is deductible.

2The «Retirement Plan» box in Box 13 of your W - 2 tax form should be checked if you were covered by a retirement plan at work.