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About 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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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

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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

0

Replies

0

Kudos

1075

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

1113

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

1075

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

1113

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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