Retirement tax questions

@UTom 

 

Yeah, lots of gobbledy-gook in that Texas law change.

BUT

Just because  Texas doesn't Certify the 403b companies anymore...it doesn't mean that the plans aren't still 403b products.  Texas just doesn't seem to want to go thru the extra bureaucracy of certifying or maintain lists of acceptable providers.

 

If any TRS recipients have a question about this, they should go to the TRS website to find their contact telephone numbers and ask.    Also check their W-2 while employed or 1099-R if retired.  The special 403b code designations are in those forms if you indeed have a 403b plan.

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*