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Retirement tax questions
Thanks.
I don't think the TCRS K-12 Legacy plan has a 403(b). I think (I am not a tax professional) it is a 414(h) pension with a 401(k) option. Employee contributions to the pension are mandated at 5% of salary. 2019 was the first year she elected to use the 401(k) (mostly because we didn't realize it was an option).
So, I don't think any funds were sent to a 401(k) in 2018. Only the 5% to the 414(h) pension in 2018.
In 2019, we saw the $19k land in her new 401(k) account as well as the 5% land in her pension account.
‎February 20, 2020
7:08 AM