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If you invest the funds in anything outside of a qualified retirement account, you have not done a rollover and the 401(k) distribution will remain taxable.
The 60-day period is your timeframe to get the money into another tax-deferred account. 401 k or IRA.
If you invest the funds in anything outside of a qualified retirement account, you have not done a rollover and the 401(k) distribution will remain taxable.
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