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re: VFFSX info for 401k rollover

Posted on 1/9/24 at 4:18 am to
Posted by sonoma8
Member since Oct 2006
7674 posts
Posted on 1/9/24 at 4:18 am to
Seems like a dumb question, but if its a traditional IRA, how do you deposit non-taxed funds into the account? Is this linked to my check before uncle Sam gets to it?
Posted by baldona
Florida
Member since Feb 2016
20625 posts
Posted on 1/9/24 at 6:49 am to
quote:

Seems like a dumb question, but if its a traditional IRA, how do you deposit non-taxed funds into the account? Is this linked to my check before uncle Sam gets to it?


You never touch the money, it’s transferred directly from one retirement account with paperwork to another retirement account. It’s done all the time
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