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Retirement tax questions
Thanks again, and thanks for suffering through my ignorance (your're a true hero.) The online step-by-step tool says I *don't* qualify for the "Saver's Credit" without asking me much of anything (except I did input the $969 disbursement for 2017.) Sorry to beat a dead horse (my apologies, really)... but in Fall2017, rather than rolling over the funds or keeping them where they were when I changed jobs, I completely terminated the 401k plan with my old employer and opted to take the accumulated amount, minus fees. I paid an additional tax at year's end on that $969.
At my new employer, I completely started over with this new retirement plan (Techer's) and have contributed to it (pre-tax) every pay period since ($1500.30 total in 2018.) Should I just accept the fact that I won't get the "Saver's Credit" and move on?
Thanks again for your time, @dmertz!
At my new employer, I completely started over with this new retirement plan (Techer's) and have contributed to it (pre-tax) every pay period since ($1500.30 total in 2018.) Should I just accept the fact that I won't get the "Saver's Credit" and move on?
Thanks again for your time, @dmertz!
‎June 4, 2019
12:05 PM