How Can We Help?
< Back
You are here:
Print

account balance-future contribution

Posted
Last Updated On
ByBB

L1: account balance-future contributionI’ll retire Jan, 2004 at which time I will take my first SEPP distribution. My company will be making a contribution (stock) directly into my account in July, 2004 (I have no choice where this goes). Although I plan to use the balance as of December 31, 2003, I’m concerned with how the IRS will view the July contribution. Any thoughts? Thank you for the good advice you give.2003-10-24 06:52, By: BB, IP: [127.0.0.1]
L2: account balance-future contributionI’m guessing, but it sounds like you will be taking your SEPP distributions directly from the employer’s plan.
One possibility – Most plans have different investment options – find outwhat account option the employer distribution will be made to. Then make sure that those funds stay separate from the original SEPP funds (managed in adifferent investment option)- one plan with two funds. 2003-10-24 07:15, By: Gfw, IP: [127.0.0.1]

L2: account balance-future contributiongfw, wouldn’t this be another example of why rolling the qplan into IRA in 1/04 to segregate it and then when company makes their 7/04 contribution, it can either stay in company plan or be rolled to separate IRA for the individuals flexible control at later date? i think my logic is right2003-10-24 07:54, By: ralphccbi, IP: [127.0.0.1]

Table of Contents