can a uni-k be rolled over to an IRA?
can the UNI-k (private 401k) be rolled over to an IRA or does it always stay as a uni-k?
Thank you,
Douglas
can the UNI-k (private 401k) be rolled over to an IRA or does it always stay as a uni-k?
Thank you,
Douglas
Permalink Submitted by Alan - IRA critic on Mon, 2016-02-22 18:54
Yes, it can be rolled over. In fact, the plan must be terminated once the business is closed.
Permalink Submitted by Douglas Bauerband on Mon, 2016-02-22 22:12
do they have to wait until the business is closed or can they roll over to an IRA now?
Permalink Submitted by Alan - IRA critic on Mon, 2016-02-22 23:02
It could be done now if the plan so permits.