401(k) Plans
, visit THE Retirement Education Center or contact your MissionSquare Retirement representative. 401(k) Loans You may also borrow from your 401(k). Federal law permits you to borrow 50% of your
https://www.missionsq.org/products-and-services/401(k)-retirement-savings-plans.html
IRAs (Roth and Traditional)
aren’t allowed to take loans from the plan. Find out more about SEP IRAs . Payroll Deduction IRA This is an employee-only contribution plan to either a Roth or traditional IRA set up
403(b) Defined Contribution Retirement Plans
from your plan while you are still employed, depending on the options and terms in your particular plan. Some plans allow for in-service distributions, hardship withdrawals, or loans. It’s important
https://www.missionsq.org/products-and-services/403(b)-defined-contribution-plans.html
Rollovers by Non-Spouse Beneficiaries
distributions of elective deferrals in excess of the elective deferral limits and loans that are treated as deemed distributions. 177 Some restrictions or special rules may apply to certain
Treasury, IRS Guidance Provides Additional Clarity on SECURE 2.0 Student Loan Matching Contributions Provisions
on a good faith, reasonable interpretation of the law, which includes Notice 2024-63. Qualified Education Loans: The notice explains that for a qualified education loan to be treated as incurred
MissionSquare Research Institute Unveils Top Public Service Workforce Trends for 2024
loan debt for themselves, and 11% bear student loan debt for a spouse, child, or other family member. Among those 35 and under, 25% are very or extremely worried about paying back their student loans