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re: Various Financial Questions
Posted on 1/3/13 at 3:40 pm to Lsut81
Posted on 1/3/13 at 3:40 pm to Lsut81
The taxes you pay regardless of whether you roll it over to a Roth IRA or to your personal bank account. You pay an additional 10% penalty if you do not roll the 401k over to an IRA and rather put the money in your bank account.
1
Posted on 1/3/13 at 3:45 pm to polizei11
quote:
You pay an additional 10% penalty if you do not roll the 401k over to an IRA and rather put the money in your bank account.
Ok, thought the 10% was on there no matter what... Thats good to know
Thanks for the insight
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