How Does Participation In This Plan Affect My Ability To Contribute To An Individual Retirement Account (“IRA”)?
The rules regarding an individual’s ability to contribute to an IRA, and the tax deductibility of contributions to an IRA, are complex and depend on many factors that are beyond the scope of your employment at Georgetown. Your marital status, total household income, other sources of income (self-employment income from outside consulting is one of many examples), amount of employee contributions made to our plans, and other factors can impact the type of IRA that is appropriate for you. Consequently, the Office of Faculty and Staff Benefits cannot provide you with guidance regarding IRA contributions. You should contact your tax or investment advisor for assistance. What Do I Do When I Retire or Terminate Employment? When you terminate employment at Georgetown University for any reason (voluntarily, non-voluntarily, due to retirement, etc.), you have full access to all funds accumulated in the Plan. Funds can be accessed in a variety of forms, including, but not limited to, the followin
Related Questions
- Will participation in a defined benefit plan (pension/TRS) affect ones ability to contribute the maximum elective deferral limit to a 403(b) plan?
- How Does Participation In This Plan Affect My Ability To Contribute To An Individual Retirement Account ("IRA")?
- Do contributions to an HSA in any way affect ones ability to contribute to an individual retirement account?
