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CalSavers can help you estimate your potential retirement savings. Use our calculator to help plan for your future. To get your estimate, visit our website today!
Some tax documents you should expect to receive from CalSavers includes the IRS Form 5498 (showing your contributions to your account) and the IRS Form 1099-R (if you take a distribution from your account).
Answer questions from eligible employers regarding penalty notices and in most cases route detailed questions to the CalSavers customer service center. Operate an appeals process for employer disputes not resolved directly by the CalSavers Retirement Savings Board.
Beginning in January 2022 FTB will: Send penalty imposition notices. Collect payments. Answer questions from eligible employers regarding penalty notices, and route detailed questions to the CalSavers Retirement Savings Board customer service center.
If you take money out of your CalSavers Roth IRA before you turn age 59½ by requesting a nonqualified distribution, there is a 10% penalty tax charged by the IRS on the earnings portion of your distribution.
The CalSavers Retirement Savings Board can help answer questions about the program, your registration, penalty balance due, or issues related to your account. FTB does not have the details about your penalty status.
3 cze 2024 · Deadlines have passed for employers with 5 or more employees. Avoid penalties. Register at CalSavers.com. CalSavers is California’s retirement savings program designed for the millions of Californians who lack a way to save for retirement at their job.
