GMK

Good point, Scott. It's pre-1987 after-tax contributions that can be taken basis first, no tax. Distributions of amounts contributed after 1986 have to be the proportional mixture of pre- and after-tax amounts.

I agree that the second e-mail clearly states that they originally intended for the offer to apply only to clients who cancelled before 1/1/2008, but it does not specifically rescind that offer for non-HDC's. I just wonder what they'd do (besides bob and weave alot) if a bunch of non-HDC's ordered the two years for one deal. And you are absolutely correct, Below Ground, about the genius of the second e-mail. How better to promote customer good will and loyalty? Then again, we all make mistakes...at least I do.

What? Special deals for the HDC's (highly disloyal customers), and none for the non-HDC's. But if the second e-mail doesn't say you can't get the '2011 for free' deal if you order by 12/23, order the two years for the price of one now!

Sorry, MSN. I've looked for such a list but haven't found it yet. Maybe someone else out there has one. I think you have to contact your own state's department of revenue or check their web site to find out whether the state has passed any conforming legislation. And then, check if the state left any items unconformed. For example, states need money now, so they may require a 2010 distribution to be included as taxable income in 2010, rather than allowing it to be spread over 2011 and 2012. It's probably worth doing the research, so you can edit your rollover options notice, if necessary, to warn the $100k+ folks before they get hit with something like a 2% state penalty for excess contribution to a Roth every year until the excess contribution is withdrawn or a state penalty for early withdrawal. Seems like it would be easier to tell them beforehand than to try to explain afterwards why you didn't put it in the notice, but that's just me.

Interesting ideas. If you lose coverage at the end of December 31, when does COBRA coverage start? Seems to me that there is no time on December 31 when your actual policy doesn't cover you, so my answer would be January 1. But you would (or maybe would) disagree. That's why I prefer the phrase 'last day of coverage is' instead of 'coverage ends on' In a real case, I'd use jpod's risk-adverse approach (deny and appeal) to learn the correct answer.

To say it more precisely, if the employee has coverage on December 31, she/he has coverage for all of December 31. In this case, the employee has to wait until January 1 begins before being eligible for COBRA. But some may disagree, and others may pass a subsidy extention that defers this debate until a later date.

This probably isn't news to anyone on these boards, but ... while the federal rules eliminate the $100,000 income limit for conversions/rollovers to Roths, some income-taxing states have not federalized their rules and still have severe penalties. The federal model notices specifically state that state laws are not discussed, but if you are in a state where the income limit still applies, it might save you some later troubles and explaining if you put something in the notice about how the over-$100,000 people can be charged on-going penalties. For example, "Beginning in 2010, you can do a rollover to a Roth IRA regardless of your income, but not in Wisconsin."

I think the subsidy depends on when one is eligible for COBRA, not when one loses coverage, but here are some more comments: http://benefitslink.com/boards/index.php?showtopic=43556

I'm with jevd in my thanks to everyone out there, especially to those who correct my posts that are 'Incorrect.' But HEY, it's only Tuesday. Is everyone heading out early? Well, whether you do or don't (or can't), I hope you all have a very Happy Thanksgiving.

Some call it a "Lock Box." (The name 'Pandora' was already taken.)

Picture of the year, maybe? Is this another "pi R round" joke, Tom, or further clarification of why pi R round?

Thanks for the kind words, but I doubt that the Humor forum qualifies for post of the year. It's fun, but it's not really what we're here after. By the way, Gramma K is also pretty sure that you are from a different branch of the K family tree.

Sieve answered that in post 5, above. For those of us who did not read carefully enough, what errors do you find?

If it's not an eat-in only place, they could carry out to as many places (decimal or otherwise) as they like. Are they open 22/7? (another groan.)

Here are some opinions: http://benefitslink.com/boards/index.php?s...ic=43556&hl As I read it, the subsidy depends on when one is eligible for COBRA, not when one "loses coverage." In the lingo, you may "lose coverage" on December 31 (probably at 11:59:59 p.m.), but you are not eligible for COBRA on December 31. You are eligible for COBRA on January 1.

Well, almost ... for example, weekly matches at 4% on say $499.90 gives a match of $20/week, then for the year, income is $25,994.80, of which 4% is $1,039.79, and the total of the weekly matches is $1,040. But generally, it works out as you say.

Yes, groan is the correct answer. Thanks for not responding "Incorrect" For basic information, visit: http://www.moleday.org/ or google 'mole day' for a plethora of information.

With all due apologies (haven't seen the sun for days), Q & A from 6.02 am to 6.02 pm on 10^23 Q: What did Avogadro invent for his wife to use as a night cream? A: Oil of Molay Q: What did Avogadro teach his students in math class? A: Moletiplication or these: http://www.moleday.org/htdocs/mole_jokes.html

The computer has lots of decimal places, and we don't round them off...for the percentage anyway. We do round the match amount to two decimal places. If one were to round the percentage, I'd recommend keeping all the decimal places that affect the match amount.

Here's the link to Below Ground's reference: http://benefitslink.com/boards/index.php?s...c=37751&hl=

I'm no doctor (although I have seen people play them on television), but... off hand, having a colonoscopy every year seems aggressive. Generally, I've heard that if they what they find and remove is not malignant , then the next colonoscopy should be in 3 years, and if they don't find anything, the next one is in 10 years. But a real doctor should decide what's best.

Jim as Dwight, The Office. I think Gary knew he wouldn't get an answer here, but it makes for interesting reading on a cloudy, dismal day. I like AndyH's reply, ala Lance, alot, but Effen's still gets my vote. or it could have ended at post #4, which is the correct answer.

My understanding is that a simple 401k is a qualified plan. http://www.simple401k.com/simple_401k.html

Try the pdf link here: http://benefitslink.com/boards/index.php?s...c=43681&hl= hope it helps.

I'm with you on that. And it's hard to over-portray a mole hill when it's in your own yard. Pesky varmints.