Wise Bread | Personal Finance and Frugal Living Forums

The 401k has to be rolled DIRECTLY into your IRA, otherwise you can be subject to penalties if you have it cashed in or transfered to you, outside of your IRA. The easiest way to make sure you don't screw this up is to contact the fund family you are moving it to and say "do this for me". They'll send you a form to make this happen.

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