The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/thanks-for-the-pointer-to-the-faq-so-according-10713914.aspx

Subject:  Re: 401K/403b to direct roll to IRA Date:  3/29/1999  2:00 PM
Author:  churchie Number:  13192 of 121150

Thanks for the pointer to the faq.

So according the law, it doesn't matter how much the original rollover amount appreciated, if I were to withdrawl the whole 10K, I would add that amount to my gross income and pay taxes on all of it without an additional 10% penalty.

Correct?
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us