Do you have to be OVER 59 1/2 to Direct Rollover (code G in block 7) a 401k account to a Traditional IRA (direct trustee to trustee) to NOT pay income taxes on the money?
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1 Best answer
Ashby
New Member
Jun 1, 2019 10:40:37 AM
No, you can be any age on a direct rollover. This is not a taxable event if it is a traditional IRA and there is no penalty.
1 Replies
Ashby
New Member
Jun 1, 2019 10:40:37 AM
No, you can be any age on a direct rollover. This is not a taxable event if it is a traditional IRA and there is no penalty.