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Strategies & Market Trends : Dividend investing for retirement

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To: JimisJim who wrote (6507)	11/17/2010 9:32:16 PM
From: LTBH	Read Replies (1) of 34328

Check with a qualified CPA but if you left your employer AND if you are 55 or older THEN I believe you can make a direct 401K to IRA rollover without tax deductions or penalties if made within the 60 day IRS dictated window .... (the employer trustee cuts a check to your IRA trustee and NOT to you). A distribution (withdrawal) will involve costs and if I am correct, unnecessary costs. Again check with a qualified CPA. Luck LTBH PS you originally mentioned a 401K but now seem to be alluding to another type plan, do note that it is my understanding that similar to above is available for most employer plans.

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