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  • CSS PROFILE: Where can I find this information: current value of parent’s tax-deferred retirement, pension ..?

    Posted by admin on February 13th, 2010 and filed under Annuity Information | 1 Comment »

    One of the questions ask to:
    "Enter the total current value of this parent’s tax-deferred retirement, pension, annuity, and savings plans. Include IRA, SRA Keogh, SEP, 401(a), 401(k), 403(b), 408, 457, 501(c) plans, etc. "

    I have my parents "social security statement" but I’m not sure what is "tax deferred."
    CSS Profile is the application for financial aid for college. Thanks in advance.
    Thank you. Sorry, also:
    "Enter the total amount withheld from your parents’ wages for dependent care and medical spending accounts in 2009. "

    In the W-2 form: is this social security tax withheld and medicare tax withheld?

    All the plans included in the question re: IRA are tax deferred, meaning no Federal or State Taxes paid until you start to withdraw money
    Social Security Statement would NOT have that information
    You need to ask your parents if the have any retirement Savings Vehicles

    One Response

    1. Age of Reason Says:

      All the plans included in the question re: IRA are tax deferred, meaning no Federal or State Taxes paid until you start to withdraw money
      Social Security Statement would NOT have that information
      You need to ask your parents if the have any retirement Savings Vehicles
      References :

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