insurance issues

[thepensionmaven]

Client insurance company agent/investment broker; also has his own pension based on side income.

 

Wants to know if he keeps working and keep getting Social Security as well as insurance company pension, can also keep contributing to his existing pension plan.

[Bill Presson]

I don't see how this is an insurance issue. If he keeps working and has earned income, I'm not aware of anything keeping him from contributing to a qualified plan.

[My 2 cents]

1 hour ago, Bill Presson said:

I don't see how this is an insurance issue. If he keeps working and has earned income, I'm not aware of anything keeping him from contributing to a qualified plan.

...except possibly for the minimum distribution requirements.

This presumes that the side income is unrelated to the insurance company paying him his pension (i.e., not a member of the insurance company's controlled group).

[Mike Preston]

The minimum distribution requirements have absolutely no impact on determining what can go into a plan.  They only impact the timing of what needs to come out.