Beneficiary 401(k) to IRA
Wife died in 2007. Husband put her 401(k) in his name (I suppose as a beneficiary 401(k). He is now retiring and rolling his own 401(k) to an IRA. He also wants to roll her 401(k) into his IRA. The custodian is giving push-back and wants to NIGO the deal. It seems to me he should be able to do that. Any comments?
Permalink Submitted by Alan Spross on Mon, 2008-04-14 21:38
Al,
Should not be a problem, as administrator should be able to see from the 402f notice. Does custodian not agree that it’s rollover eligible or is just balking at doing the direct rollover?
Permalink Submitted by Al Fry on Mon, 2008-04-14 21:50
It was at the customer service level. It will be elevated.