Roth IRA
Age at which you can take a 'Normal Distribution" and how long do the funds need to be 'Seasoned" (hint- think years)
Age 59 1/2 and the funds must have been in the account at least five consecutive years for the withdrawal amount to be a Qualified Distribution
This share is used by Members who have less than the required $500 to open an IRA Certificate.
Accumulation IRA
How much does SFFCU match in your personal 401k?
100% up 6%
Whenshould a Member be referredto MRP (MemberRetirement Planning)?
When Members want to meet with a representative to set up or transfer 403(b) (TSA) and457(b) (DCP) plans. This may include questions about their investment options or their retirement plan balances.
Age at which you qualify for this plan
18
To be eligible for a contribution into an IRA, you must have
Earned income, Income restrictions...
This person help clients file their taxes and ensure the accuracy of various tax forms
tax preparer or CPA
Contributions to a 401k are tax deductible.. true or false?
true.
When should a Member be referred to TIS (Trust Investment Services)
General questions about investments . This includes IRAs, life insurance, long-term care, or financial planning.
Contrition limit for year 2022 if you are age 45.
$6000
What is the extension for IRA Services
ext. 2014300
403b, or 457b
What is the current annual 2023 Contribution limit for a 30yr old person?
$22,500 for Employee contributions.
What school District are we in?
Capistrano Unified School District
True
This is a FORM on which a taxpayer makes an annual statement of income and personal circumstances, used by the tax authorities to assess liability for tax.
Tax Return.
True or False. You can borrow from a 401k?
True.
Member paid off vehicle 4 months ago, and hasn't received the Pink Slip (Title)
Who you gonna Call?
DMV Dept.
To be eligible to make a contribution, the Member must have earned income, and
Must be 18 yrs or older.
Bonus, Individual over the age of 50 can contribute and additional ...
Tax filling deadline for 2023
April 18th
The process of changing a Traditional IRA into a Roth IRA is called... (with the same Financial Institution)
Conversion
Member wants to purchase a new car, but doesn't have time to shop for one..
Who you Gonna Call
Autoland
What is the contribution limit for someone age 52, for year 2022?
$7000