Archive for August 2009
How does the 60-day limit work for rolling over a 401(k) into an IRA after a job loss?
Kevin asked:
In other words, I’m wondering what exactly I have to do before the 60 days is up.
In other words, I’m wondering what exactly I have to do before the 60 days is up.
Do I just have to have to get the withdrawal form delivered to the company my 401(k) is with by the 60 days? Or does the transfer have to be completely done by the time the 60 days is up? Or what?
Thanks!
Difference between 401(a) and 457? How do u decide which is a better choice?
Caren H asked:
Mom is a state government employee and has to decide between one or the other (401(a) and 457). She is 3 years from retirement. What are the pros and cons for both? If you can, include tax consequences for both. She is single, no dependents, doesn’t own home.
Mom is a state government employee and has to decide between one or the other (401(a) and 457). She is 3 years from retirement. What are the pros and cons for both? If you can, include tax consequences for both. She is single, no dependents, doesn’t own home.