Sentences with phrase «similar qualified plan»

If you have a 401 (k) or similar qualified plan then you probably have to pick investments yourself.

They all work with IRAs, 401 (k), 403 (b), 457, SIMPLE, SEP, annuities, defined benefit pension plans, and all other similar qualified plans.

Not exact matches

An «Employer Sponsored Retirement Plan» is a Qualified Retirement Plan, ERISA covered 403 (b) and certain non-qualified deferred compensation arrangements that operate in a similar manner to a Qualified Retirement Plan, such as 457 plans and executive deferred compensation arrangements, but not including employer sponsored IRAs.

While the rules for both an IRA and a qualified plan division are similar, it is essential to know what rules apply to you.

In 1951 the nation's scholarship program was opened up to qualifying students who wanted to attend private secondary schools; the government also began providing for children attending all elementary schools a minimal supplementary aid in a form similar to the tuition voucher plans presently under discussion in several American states.

If you decide to go with a longevity annuity and plan to buy it within a 401 (k), IRA or similar retirement account, make sure you go with one that meets the new Treasury Dept. regulations and has been designated a QLAC, or Qualified Longevity Annuity Contract.

Similar to an IRA, earnings on contributions to a 529 college savings plan are tax - deferred; however, unlike a traditional IRA, distributions from the 529 plan are federally tax - free, as long as the funds are applied toward payment of qualified higher education expenses on the state but not federal deduction.

When we refer to the tax features of a Roth IRA or designated Roth account (a Roth account in a 401k or similar plan), we're assuming you'll take only qualified (tax - free) distributions from the Roth IRA.

If you plan on buying a longevity annuity within a 401 (k), IRA or similar account, you'll want to be sure the longevity meets Treasury Department guidelines and is designated as a QLAC, or Qualified Longevity Annuity Contract.

Income - Based Repayment (IBR), Pay As You Earn, and Revised Pay As Your Earn are very similar plans; which plan you qualify for will depend on when your federal loans were taken out and whether you have a «partial financial hardship.»

Qualified annuities also are accompanied by the 10 % penalty for withdrawals (similar to IRAs and 401 (k) plans), for withdrawals taken prior to age 59 1/2.

The five - year requirement to obtain qualified distributions from a Roth account in a 401k or 403b plan is similar to the requirement for Roth IRAs, but there are important differences.

An «Employer Sponsored Retirement Plan» is a Qualified Retirement Plan, ERISA covered 403 (b) and certain non-qualified deferred compensation arrangements that operate in a similar manner to a Qualified Retirement Plan, such as 457 plans and executive deferred compensation arrangements, but not including employer sponsored IRAs.

If you have an IRA, or similar tax - qualified retirement plan, where you were able to get tax deductions when you contributed money into the plan, then the IRS wants you to pay those tax savings back when you liquidate.

They are also subject to withdrawal conditions very similar to qualified retirement plans, but there are no contribution limits.

Similar to a qualified tuition plan, ABLE accounts grow tax free and funds used to pay for qualified expenses are distributed tax free.

A 457 plan is similar to a 401 (k) plan, except there are never employer matching contributions and the IRS does not consider it a qualified retirement plan.

An ESOP is a kind of employee benefit plan, similar in many ways to qualified retirement plans and governed by the same law (the Employee Retirement Income Security Act) with many of the same rules as 401 (k) and profit sharing plans.

They still plan to deliver something similar to Guild Wars or Destiny, which generally qualify as MMOs.

Health maintenance organization (HMO)(as defined in section 2791 (b)(3) of the PHS Act, 42 U.S.C. 300gg - 91 (b)(3) and used in the definition of health plan in this section) means a federally qualified HMO, an organization recognized as an HMO under State law, or a similar organization regulated for solvency under State law in the same manner and to the same extent as such an HMO.

If a court wants to transfer certain kinds of federally regulated retirements assets titled in the name of one spouse to another spouse in the course of a divorce, this is only effective if the Court follows the exacting requirements of a «qualified domestic relations order» (similar requirements apply to both federal government employee benefits and to private pension plans governed by ERISA which is a federal law with broad pre-emptive effect over private pension law).

If burial insurance had underwriting that was similar to traditional life insurance plans, hardly anybody would qualify.

Similar to a 401 (k), a 457 Plan is a retirement savings plan that is typically offered to employees of state and local governments, and qualified non-profPlan is a retirement savings plan that is typically offered to employees of state and local governments, and qualified non-profplan that is typically offered to employees of state and local governments, and qualified non-profits.

Note that although qualifying events and special enrollment periods in the individual market are similar to those that have long existed for employer - sponsored plans, they are not identical.

For instance, if you expect to qualify for employer - provided health care soon, plan to marry or anticipate any similar qualifying life event that would allow you a special enrollment opportunity, short - term insurance is a great option.

The pre-existing condition limitation does not apply to the emergency medical evacuation or return of remains coverage; any amount paid or payable under any worker's compensation, disability benefit or similar law; a loss or damage caused by detention, confiscation or destruction by customs; elective treatment and procedures; medical treatment during or arising from a trip undertaken for the purpose or intent of securing medical treatment; an assessment from a legally qualified physician advising you in writing that you, a traveling companion, family member or business partner booked to travel with you are not medically fit to travel, as defined in the plan documents, at the time of purchase of coverage for a trip.

Qualified annuities are those held inside formal retirement plans like IRAs, 401k plans and similar employer - sponsored platforms.

Compensation specialists analyze compensation for similar industries and develop compensation plans to attract qualified candidates, especially in sectors of the company that are deemed critical to success and profitability.