Employment Law

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As per earlier discussion I live in NY and will be off soon.
this question is for melissamesq. As per earlier discussion I live in NY and will be laid off soon. I also have employer pension which I can draw upon termination. I have a choice to draw this in larg… read more
melissamesq
melissamesq
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Doctoral Degree
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Wanting to retire next month. I'm 66 yo. Can i start getting
Wanting to retire next month. I'm 66 yo. Can i start getting funds out of my 401k plan at work and still work part time for the same employer? … read more
Ray
Ray
Lawyer
Doctoral Degree
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My husband elected to make the max contribution to his
My husband elected to make the max contribution to his companie's 401K program. When we just went to apply for a home loan (where we needed to fully identify assets), we unfortunately discovered that … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I live in Denver, Colorado and was off from my job at the
I live in Denver, Colorado and was laid off from my job at the end of May this year. I have a Flexible Premium Variable Annuity (IRA) with New York Life. Can a withdraw some money from this without it… read more
Allen M., Esq.
Allen M., Esq.
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Juris Doctor, Cum Laude
13,334 satisfied customers
This is a 401K withdrawal question...I was let off 1/31/2015
This is a 401K withdrawal question...I was let laid off 1/31/2015 after 19 years. Left with not much, I exhausted my 401K plan, approx. $59,000 after taxes, but not a penalty fee. I was given advice t… read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I recently started collecting unemployment benefits. I rolled
I recently started collecting unemployment benefits. I rolled over the majority of my 401k. I asked the bank rep I spoke to if I could take part of the money out to open an IRA at a different bank. He… read more
Ray
Ray
Lawyer
Doctoral Degree
47,093 satisfied customers
I recently received the self-directed portion of my 401k as
I recently received the self-directed portion of my 401k as a rollover to IRA. However, I was informed that the pooled account portion of my 401k will be distributed as a second distribution due to so… read more
Dimitry K., Esq.
Dimitry K., Esq.
Attorney
Doctoral Degree
3,007 satisfied customers
i used to work for new york city transit(mta) our pension was
i used to work for new york city transit(mta) our pension was thru NYCERS. New York City Employment Retirement Sytem to which most of New York city employees and state employees belong. I have left th… read more
ScottyMacEsq
ScottyMacEsq
Lawyer
Doctoral Degree
2,893 satisfied customers
i am 63 , laid off a year ago , i live and worked in Massachusettes.
i am 63 , laid off a year ago , i live and worked in Massachusettes. I have and will becontinuing to collect unemployment benefits. As a result of cash flow problems i initiated collecting Social Secu… read more
Roger
Roger
Litigation Attorney
Doctoral Degree
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I am 57 years old and was terminated fmmy job in November 2010,
I am 57 years old and was terminated fmmy job in November 2010, I am currently receiving unemployment, my question is if I tke out just small amount of my 401K that I am fully vested in and roll the r… read more
Roger
Roger
Litigation Attorney
Doctoral Degree
26,954 satisfied customers
I have been employed with the same employer for the last 6
I have been employed with the same employer for the last 6 years. I was never notified of, or given opp. to participate in the company's Simple IRA Plan that has been in existence since the date I was… read more
AlexiaEsq.
AlexiaEsq.
Managing Lawyer/Advocate
Doctoral Degree
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I have ESOP money owed to me. I was called yesterday to say
I have ESOP money owed to me. I was called yesterday to say my former employer has decided to buy it back. They are going to automatically dump it into a 401K account they still had open for me under … read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
I have been employed part-time (hourly pay) at the same practice
I have been employed part-time (hourly pay) at the same practice for 22+ years. It was owned by one person, my employer, for the first portion, then he sold us to HealthyPet, a group of vet practices.… read more
Legalease
Legalease
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Doctor of Law w/ highest honors
15,719 satisfied customers
I had terminated employment with employer X in May 0f 2008
I had terminated employment with employer "X" in May 0f 2008 for a new job with a new employer. In September 2008 I rolled over a 401k from employer "X" into an individual IRA. In April of 2009 the 40… read more
Phillips Esq.
Phillips Esq.
Attorney
JD
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I recently was told that my salary was going to change but
I recently was told that my salary was going to change but my comissions were going to go up. It was suppost to go in effect in April. The company never made the change in April. I asked my boss at th… read more
Marsha411JD
Marsha411JD
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Doctoral Degree
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11 years ago I was acuired by Andersen Consulting (now Accenture).
11 years ago I was acuired by Andersen Consulting (now Accenture). At the time I had three loans outstanding in my BellSouth 401K. I rolled the BellSouth 401K over into an Andersen Consulting 401k. I … read more
N Cal Atty
N Cal Atty
Doctoral Degree
59 satisfied customers
If you contribute to a 401(k) and your compensation exceeds
If you contribute to a 401(k) and your compensation exceeds $245,000 half way through the calendar year but you have not yet reached the $16,500 contribution limit are you required to stop contributin… read more
C. M. Page
C. M. Page
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8 satisfied customers
I have already been given the paperwork for FMLA from my ...
I have already been given the paperwork for FMLA from my employer when my mother was diagnosed with cancer. I have not turned it in yet. Recently, my employer who had allowed me to work from home (62 … read more
BusinessDoc
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The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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