Permalink Submitted by Alan Spross on Sat, 2009-07-18 00:36
It can be done by a indirect rollover with 20% mandatory withholding taken out, or by direct rollover, which is a two part transaction. First a distribution and then a rollover with no withholding and the check being made out to the IRA custodian or transferred directly to the IRA custodian. A Keogh is a very broad term and can include a defined benefit plan, solo 401k, money purchase pension plan etc.
Permalink Submitted by Alan Spross on Fri, 2009-07-17 21:43
Yes, it can be done.
Permalink Submitted by Shahpar Naghshineh on Fri, 2009-07-17 23:50
would direct rollover be the only option for moving into an IRA or can it also be done via transfer? I did not think so
Permalink Submitted by Alan Spross on Sat, 2009-07-18 00:36
It can be done by a indirect rollover with 20% mandatory withholding taken out, or by direct rollover, which is a two part transaction. First a distribution and then a rollover with no withholding and the check being made out to the IRA custodian or transferred directly to the IRA custodian. A Keogh is a very broad term and can include a defined benefit plan, solo 401k, money purchase pension plan etc.