The 1099-R says there's 7900 in the account.
It says code 1 early distribution.
Box 4 says they will take 20% taxes if I do nothing they take $1580!
So that leaves $7900 - 1580 = 6320.
If I do nothing does Philly send me a check, or do I get $6320 as a refund?
Exactly how would I rollover the whole amount to somewhere to avoid paying the 20%
Can I open some kind of new IRA account somewhere to roll it over to?
Or do I somehow roll it over to Baltimore City, my new employer?
Thank you!
