Retirement tax questions

You could have rolled the money tax free into a Traditional IRA within 60 days of the distribution. The company should have notified you of your options.  If you took the money in cash and are under age 59 1/2 then the penalty applies.


**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

View solution in original post