The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  https://boards.fool.com/distribution-from-pension-to-ira-34464477.aspx

Subject:  Distribution from pension to IRA Date:  4/6/2020  7:33 PM
Author:  inparadise Number:  130428 of 130956

We have decided to take lump sum from 2 of DH's pensions and roll them over to a traditional IRA. He's talking about getting the check and depositing it himself, but I am remembering something in the back of my head about that only being possible once a year these days, and there are two different pensions from two different companies he will do this for. He already has the IRA set up, and I am encouraging him to do a direct rollover. Is there any reason why he would have to do so? Am I remembering incorrectly? Would not be surprising as this is just a shadow of a memory.

TIA,

IP
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us