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Author: raven06 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76420  
Subject: Profit Sharing Date: 3/18/2000 7:51 PM
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<<My mother had a Profit Sharing Plan at her work. When she retired they
cut her a check for the whole amount. She was 68 years old. She doesn't
believe it was an IRA or 401K and I haven't read her docs yet
She deposited it in CD's a credit union.

Does she have to pay income taxes on the whole amount or just what she
draws out?

Should it have been rolled into a IRA? >>
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