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About BillN987603

BillN987603

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Retirement

Re: Sick leave payout at retirement

It's likely that substitute teachers do not receive benefits and thus are not able to contribute to the 403b plan...so if you're not a benefitted employee for 2023, they won't allow the contribution. It is still earned income, so an IRA may allow you...
BillN987603 09-26-2022 10:15 AM
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597
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Retirement

Re: RMD, two accounts, turned 72 this year

Contact the recordkeeper for the plan and they will tell you the required withdrawal amount based on your balance from 12/31 of last year. Since this is a 401k plan, you must take your RMD from that plan. If you have multiple IRA accounts, you are ab...
BillN987603 09-26-2022 10:04 AM
1
Reply
0
Kudos
724
Views

Retirement

Re: Sick leave payout at retirement

It's likely that substitute teachers do not receive benefits and thus are not able to contribute to the 403b plan...so if you're not a benefitted employee for 2023, they won't allow the contribution. It is still earned income, so an IRA may allow you...
BillN987603 09-26-2022 10:15 AM
0
Replies
0
Kudos
597
Views

Retirement

Re: RMD, two accounts, turned 72 this year

Contact the recordkeeper for the plan and they will tell you the required withdrawal amount based on your balance from 12/31 of last year. Since this is a 401k plan, you must take your RMD from that plan. If you have multiple IRA accounts, you are ab...
BillN987603 09-26-2022 10:04 AM
1
Reply
0
Kudos
724
Views

Retirement

Re: Sick leave payout at retirement

It's likely that substitute teachers do not receive benefits and thus are not able to contribute to the 403b plan...so if you're not a benefitted employee for 2023, they won't allow the contribution. It is still earned income, so an IRA may allow you...
BillN987603 09-26-2022 10:15 AM
0
Replies
0
Kudos
597
Views

Retirement

Re: RMD, two accounts, turned 72 this year

Contact the recordkeeper for the plan and they will tell you the required withdrawal amount based on your balance from 12/31 of last year. Since this is a 401k plan, you must take your RMD from that plan. If you have multiple IRA accounts, you are ab...
BillN987603 09-26-2022 10:04 AM
1
Reply
0
Kudos
724
Views
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Date Registered ‎09-26-2022 01:05 PM
Last Visited ‎11-02-2022 02:43 PM
Total Messages Posted 2
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