Submitted by Philip Brewer on March 23, 2008 - 04:06.
If you screw up the details of the rollover, you can cost yourself a lot in unnecessary taxes.
The fact is, though, it's not so hard to get this right--the fact that it can be screwed up is no reason to leave your money where it is. As Scott says, the customer service people at the fund you're moving to can give you all the details that you need to know to get it right.
1
Good point
Submitted by Philip Brewer on March 23, 2008 - 04:06.
If you screw up the details of the rollover, you can cost yourself a lot in unnecessary taxes.
The fact is, though, it's not so hard to get this right--the fact that it can be screwed up is no reason to leave your money where it is. As Scott says, the customer service people at the fund you're moving to can give you all the details that you need to know to get it right.