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Author: KATinChicagoland Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Re: self-directed ira Date: 6/14/1998 9:32 AM
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<<My wife recently changed jobs and is being forced to rollover her money she had in a 401(k) plan.>>

You're never forced to make a rollover. First of all, you can't be forced to take a distribution before retirement age if your account balance is more than $5,000. And second, even if you're forced to take a distribution because the amount is $5,000 or less, you aren't required to roll it over, although that's likely to be a good choice.

My web site has a page on how to set up a Roth IRA, and much of the information there is relevant to setting up a regular IRA to receive a rollover:

http://www.fairmark.com/rothira/howto.htm

Kaye Thomas, author
Fairmark Press Tax Guide for Investors
http://www.fairmark.com
Includes a new guide to estimated tax
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