Sentences with phrase «withdraw excess money»

They said I could then withdraw the excess money into another account.

Not exact matches

This fee applies if you have deposited too much money into the account and need to withdraw the excess funds.

If the money you withdraw exceeds your qualified medical expenses, however, the excess is subject to income tax.

I need to park my excess money somewhere so that I will get more interest than FD but if I need that money for any purposes (which exceeds my emergency fund), that should be easily withdrawn (but in rality, I can wait to grow for the next 2 - 3 years)?

As a brief overview, the Management and Board have embarked upon a failed merger that garnered virtually no support from its shareholders, and was opposed by ISS, and continued on that path until the date of the special shareholders meeting and scheduled vote, spending lavishly in a failed effort to close it; attempted to implement substantial new options to itself, a plan opposed by ISS and the shareholders, which was withdrawn; continually paid itself outrageous sums of the shareholders money over the past three years; rejected highly qualified outside board members with deep, broad healthcare company experience supported by its shareholders; held many Board and Committee meetings with nothing to show for it; formed a new Strategic Transactions Committee that is highly paid but that has produced no deals for the shareholders to consider or for any outside valuation experts to formally review; spent lavishly on accountants, auditors and counsel; failed to successfully hire any outside professional negotiators and finally extinguish or remove the outstanding lease obligations; distributed no cash to the shareholders despite holding excess amounts; formed no special purpose entity to hold any royalty and milestone rights and payments for the benefit of its shareholders; and thus generally failed in its fiduciary duties to shareholders.

Then, when you withdraw that $ 3,000 at retirement, the money is taxed again because excess contributions don't create a basis in your 401 (k) plan.