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|Subject: No-Direct 401K Rollover||Date: 8/7/2001 1:01 PM|
|Author: zjin1||Number: 31194 of 74759|
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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