So, I’m considering an early withdrawal from my old SARSEP IRA with Fidelity. I know it’s not a great idea, because of taxes and penalties, but I have my reasons. However, in the event that I’m able to, I want to have the option of putting the money back into the account within 60 days to avoid the IRS taxes and penalties. When I was looking at the Fidelity transfer platform, I noticed that it said only employers could transfer funds into the account. How then would I get the funds back in there within 60 days? It did physically look like the funds would transfer (between Fidelity and my bank account), but that note gave me pause. Am I missing something? Fidelity was not helpful at all via chat.
