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Article #1231Re: 401K--to rollover or not?
From: Matt Weiser
Date: Mon, 04 Jan 1993 21:21
Date: Mon, 04 Jan 1993 21:21
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In article <EVERETTM.93Jan4110358@noman.Cayman.COM>, everettm@Cayman.COM (Mark Everett) writes: > If you take the distribution after 01 January 93 in the form of a check, 20% is > withheld. The administrator of whatever new plan you are in can send a request > to the former plan for that 20%. Of course, the easiest method is for the old > plan to transfer the entire amount directly to the new plan, in which case no > withholding is required. What is there to keep someone from rolling it over directly into a IRA, then withdrawing the amount, bypassing the 20% witholding? Matt Weiser weiser@pogo.den.mmc.com
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Newsgroups: ne.general,misc.invest Path: arc1-ca.pugleaf.net!sparky!uunet!zaphod.mps.ohio-state.edu!magnus.acs.ohio-state.edu!csn!news.den.mmc.com!weiser@pogo.den.mmc.com From: weiser@pogo.den.mmc.com (Matt Weiser) Subject: Re: 401K--to rollover or not? Message-ID: <1993Jan4.212137.7965@den.mmc.com> Sender: news@den.mmc.com (News) Nntp-Posting-Host: 129.243.25.22 Organization: Martin Marietta WIS References: <C04qJy.40H@jti.com> <C086Jr.3A2@world.std.com> <C0ALyv.48u@world.std.com> <EVERETTM.93Jan4110358@noman.Cayman.COM> Date: Mon, 4 Jan 1993 21:21:37 GMT Lines: 13