Is a 401k Contribution a Legitimate Expense in Bankruptcy?

Answer When you file for a Chapter 13 bankruptcy, the bankruptcy court and your creditors will pay close attention to your income and expenses to determine your disposable income. If the bankruptcy court ... Read More »

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Employer 401k Contribution Limits?

The number of companies offering traditional defined benefit pension plans has dwindled significantly since the 1990s. However, businesses still recognize the value in providing employee retirement... Read More »

Is a 401k considered a defined contribution plan?

A 401k retirement plan is a defined contribution plan. The contributions are defined, but the benefit payout is not. It is a qualified retirement plan, which means it meets federal guidelines. Cont... Read More »

Can I deduct a contribution to an IRA if I have a 401k at work?

You may be able to deduct a contribution to a traditional IRA if you have a 401k plan at work if your modified adjusted gross income falls below the annual limits. These limits change each year wit... Read More »

Is 401K Considered a Defined Contribution Plan?

The 401(k) is an employer-sponsored retirement plan that was established in 1980. Its name comes from the section of the Internal Revenue Service code under which it fell. These plans were designed... Read More »