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

New multi-use trail loop to open in Sterling Forest State Park
TUXEDO PARK — The New York-New Jersey Trail Conference and New York State Parks will open of a seven-mile multi-use single-track trail...
Read more »
Image

M-W football coach accused of ‘sexting’ minors
BY ERIKA NORTON
An assistant coach for the Monroe-Woodbury Junior Varsity football team is accused of sending sexually...

Read more »
Image

Endorsements continue to define Basile-Skoufis state Senate race
By Bob Quinn
The candidates to replace state Sen. William J. Larkin Jr. continue to attract endorsements from a who’s who of local elected officials.
In recent...

Read more »

Monroe Volunteer Ambulance Corps Emergency call summary for Sept. 2 to 8
Date Time Type Location
Sept. 2 1:50 a.m. Cardiac Emergency Town of Monroe
Sept. 2 1:59 p.m. Unconscious Person Village of...

Read more »

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers



MOST READ

Where in clues
Pancakes galore
  • Sep 20, 2018

MOST COMMENTED



Weather in Monroe, NY