Tax Expert Noel Spencer: 401K


Make text smaller Make text larger



Photos



  • Noel Spencer



What is a 401K plan?


A 401(k) plan is a qualified plan that includes a feature allowing an employee to elect to have the employer contribute a portion of the employee's wages to an individual account under the plan. The underlying plan can be a profit-sharing, stock bonus, pre-ERISA money purchase pension, or a rural cooperative plan.

Generally, deferred wages (elective deferrals) are not subject to federal income tax withholding at the time of deferral, and they are not reported as taxable income on the employee's individual income tax return

Noel Spencer
735 Broadway, Newburgh, NY 12550
845-220-2080
Ask Noel Spencer a Question
www.spencersfinancial.com




Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

Lorraine Carroll seeks re-election to the Monroe-Woodbury School Board
My name is Lorraine Carroll and I am seeking re-election to the Monroe-Woodbury Board of Education.
I am a 19-year resident and have four children, my youngest is a junior in...

Read more »

Welcome home
This welcoming house belongs on the sign for Lake Manor Estates, located off Quaker Hill Road in Monroe.

Those in the know this week are the consistent veterans of this...

Read more »
Image

Heroes and villains
The children of Tuxedo’s George Grant Mason Elementary school enjoyed a night of snacks and songs with their favorite story book characters on May 3. Many of the K-6...
Read more »
Image

Monroe Suspect in 2012 attempted murder arrested in State of Florida
The Monroe Police Department announced the arrest of Rafael Ramos-Cardona of the State of Florida, for an attempted murder that occurred in the Village of Monroe in February 2012.
Read more »

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers



MOST READ

Local News
Heroes and villains
  • May 19, 2019
Where in clues
Welcome home
  • May 19, 2019
Local News
MONROE. Budding artists in Monroe
  • May 19, 2019

MOST COMMENTED



Weather in Monroe, NY