The Differences Between 401(k) and 403(b) Plans

June 30, 2024 No Comments

A: Named after sections 401(k) and 403(b) of the tax code, respectively, both 401(k) plans and 403(b) plans are tax-advantaged retirement vehicles offered by employers. The primary difference between the two is the type of employer sponsoring the plans—401(k) plans are offered by private, for-profit companies,

The Differences Between 401(k) and 403(b) Plans

July 7, 2024 No Comments

Use your 401(k) to purchase a house

June 30, 2024 No Comments

A: As you may already know, you must meet certain requirements, as outlined in the 401(k) plan document, to be considered eligible to receive a distribution from the plan. Your employer or plan administrator will provide you with a list of the requirements. Amounts withdrawn from

Use your 401(k) to purchase a house

July 7, 2024 No Comments

What are activities of daily living (ADL)?

June 30, 2024 No Comments

A: Activities of daily living (ADL) refer to daily activities that individuals normally do, unassisted, to take care of themselves. These activities include: bathing, eating, cooking, walking, dressing, house chores, personal hygiene and walking. Usually, healthcare professionals (nurses, nurse’s aides, doctors) measure a person’s well-being

What are activities of daily living (ADL)?

July 7, 2024 No Comments

What are qualified retirement plan types?

June 30, 2024 No Comments

A: A qualified retirement plan is simply a plan that meets the requirements set out in Section 401(a) of the U.S. tax code. This does not mean that other types of plans are not available, but the majority of retirement savings programs offered by employers

What are qualified retirement plan types?

July 7, 2024 No Comments

What are Social Security Credits for and how can I earn them?

June 30, 2024 No Comments

A: To determine who is eligible for various Social Security benefits, the Social Security Administration (SSA) uses a system of credits that establish whether minimum work requirements have been met. Typically, the number of credits required in order to be eligible for benefits is 40.

What are Social Security Credits for and how can I earn them?

July 7, 2024 No Comments

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