or you could roll the money into your own IRA. be aware that for an eligible rollover distribution, the default withholding rate is 20%.(check with your employer/fidelity). what that means is if you take a $10,000 distribution you'll only get $8,000. in order not to get taxed on the $2,000, you have to come up with your own $2,000 so the full $10,000 can be rolled within the 60 days. if you do this then the $2,000 will come back as an income tax refund or be applied in whole or part to taxes owed when you file your income tax return.
