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Author: dfmcleod Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122558  
Subject: Re: Closed 401K account - transfer to IRA? Date: 3/15/2001 5:12 PM
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Thanks for the reply. We are still within the 60 day period so I plan to open up an IRA account and deposit the amount of the check, plus the amount with-held into the new IRA.

I have two new questions:
1) do I need to deposit the exact amount of the distribution plus whatever was withheld? Or can it be slightly more? I'm assuming it can't be any less, right?

2) Will this count towards the $2000 annual contribution to an IRA for my wife?

Thanks,
Doug McLeod
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