2 Months ago my company notified me I would be getting laid off 6/28 and I would be getting a severance package. Need help!

Do you have any of these things in writing? Did you sign anything?

I have a small company that's not making any money, that my friend wants to take over. How do I sell him the company?

I agree. You have the option of having him buy the shares or buy the assets, or both. There are a lot of things to consider which all depend on...

Am I an exempt employee?

I agree. Sounds like you may be misclassified. Maybe others at your company are as well. Are you a manager of any sort? Do you have the ability to...

Recently left job & was told I'm eligible to w/draw money purchase plan. How much will I be taxed, I'm currently on disability?

Hi. You have a few things confused here but generally this is correct. I am a retirement plan/benefits attorney. When you take your distribution...

My deceased brother has $30k in cash and $87k in a 401k plan. However his 401k listed a beneficiary who predeceased him.

Perhaps this is not the answer you're looking for but you may want to know the procedure for payment when there is no beneficiary listed. A 401(k)...

My mother left me her beneficiary for her pension, years later she married aman for 3 years until she died,Is he entitled to

It depends. Is this a traditional pension plan (defined benefit plan) that pays a monthly annuity? If so, it is possible that her husband of three...

Wife passed and had 401k.Daughter is the beneficiary .who is entitled to the funds?

It's possible that part of the 401(k) was community property - this would be the portion that was contributed during the five months that you were...

What are my options to avoid an early withdraw tax penalty while receiving CalPERS retirement distribution in accord with QDRO ?

Internal Revenue Code 72(t)(2)(B) provides an exception to the 10% penalty for distributions made pursuant to a qualified domestic relations order...

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How does the IRS valuate my 401K plan?

I am not sure I understand your question, are you asking how much you would have to pay taxes on after fees are taken out for a distribution? You...

I've already worked for a company 5 years and they just put a 401K plan in place. Is my 5 years inlcuded for vesting fully?

Your summary plan description should tell you whether the plan chose to include your prior years of service for vesting purposes. The company does...