401k
jim in arziona asked:

I am over 70 and have a managed IRA and a 401K, I would like to transfer the 401K funds to the IRA. Calling the IRA I did not get a clear answer to my questions. Will I be taxed on the 401K dollars over $5000? If so can I do double that and apply it to two years? Really appreciate any help


Question posted courtesy of: Nicholas
Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google

Comments

Leave a Reply