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This is not a time or value answer. Everyone has different needs and expectations. The information you have provided prevents a clear date or value answer which I would not give anyway. First you need to know what your goals were when you began contributing to your 403b. Then ask Are those goals still valid? If those goals are not valid today, then you need to set some new goals. When the original goals we made are still valid, then we ask, Did I meet those goals? When you answer yes, you can stop contributing to the 403b. When you answer no, keep contributing. Look ahead to your plan for retiring. Will you be able to live in retirement the way you want? A friend of mine told me that, money is one of the 2 things in life where too much is not enough.
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∙ 15y ago
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How much 403b contribution is to much?
Our first priority while working is to earn sufficient funds to meet our daily living requirements. If our 403b contributions take away from our day to day needs, we are contributing too much or earning too little.
What is the max annual pre-tax contribution for a 403b for 2010?
For the general population, $16,500. If you're 50 or over you may be eligible for $5500 in catch up contributions.
Is there any way I can transfer my 403B into money market?
There are many ways to transfer 403B into money market
Can you cash out your 403b?
You can cash out your 403b, but expect tax penalties of up to 30% if you are under the age of 59 1/2.
What is the maximum 403b contribution for 2009?
According to "My Money Blog" the maximum amount for a 403b increases to $16,500 for 2009. http://www.mymoneyblog.com/archives/2009/01/2009-401k-403b-maximum-salary-contribution-limits.html
Do you need to claim anything on your taxes for your 403b?
For contributions, no, unless you exceeded one of the annual maximums. For distributions, yes, you should have gotten a 1099-R.
Does cashing in a 403b affect your tax return?
Yes. The contributions were not taxed the withdrawals are. And are reported by the adminstrator to the IRS
How much 403b contribution is to much?
Our first priority while working is to earn sufficient funds to meet our daily living requirements. If our 403b contributions take away from our day to day needs, we are contributing too much or earning too little.
How do you close a 403B account?
can i close my 403b account
What is the max annual pre-tax contribution for a 403b for 2010?
For the general population, $16,500. If you're 50 or over you may be eligible for $5500 in catch up contributions.
How can you stop your brother reading your contributions?
Tell him to stop!
How long after your 403b contribution is deducted from your paycheck should it take to be credited to your 403b account?
That is a guideline of the plan document and varies by the manner by which an employer transfers the funds to the plan. Ask your employer or the plan reperesentative for specifics.
Is there any way I can transfer my 403B into money market?
There are many ways to transfer 403B into money market
Can you cash out your 403b?
You can cash out your 403b, but expect tax penalties of up to 30% if you are under the age of 59 1/2.
What is the maximum 403b contribution for 2009?
According to "My Money Blog" the maximum amount for a 403b increases to $16,500 for 2009. http://www.mymoneyblog.com/archives/2009/01/2009-401k-403b-maximum-salary-contribution-limits.html
What are the contributions on how to stop ozone?
Various contributions are made. Awareness must be spread all over.
What are the benefits of a 403b retirement plan?
There are not any special benefits of a 403B retirement plan when compared to the more familiar 401K retirement plan. The only difference is that if your work for the government or are in a civil service type job the retirement plan is called 403B.
