UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: JimF555 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76395  
Subject: Help with SEP transfer Date: 8/28/1998 10:52 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I have a few questions for the experienced out there. I received a letter from a former employer that I have approx. $4000 from an SEP that they need to transfer to me. They stated that they are holding it in an escrow account for me until I tell them where to transfer it. It's been 2 years since I worked for them.

My questions are:
1. Does anybody have any experience with a similar situation?
2. What can I put this money into (another SEP,IRA...)or more importantly, where should it go?
3. What is my tax liability?

I have talked to my employers and they say there isn't anything I can switch it into with them (a large hospital corporation). HELP! Any advice would be greatly appreciated.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement