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Subject:  No-Direct 401K Rollover Date:  8/7/2001  1:01 PM
Author:  zjin1 Number:  31194 of 88417

Need some help.

Recently, I received a 401K distribution check, payable to me, from my previous employer with 20% deduction... etc . ( I know, i know i should do a direct rollover... but... :-)

At this point, I want to put that money into a place to avoid tax and penality. My Question is:

1: Where should I put that money? Is IRA the only option?

2: I have already enrolled in my current employer's 401K plan (Transamerica). Now, can I later on transfer that into my current 401K account?

Thanks for your help
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