Is there a tax penalty for a 401k distribution if it was directly transferred to another retirement account?

posted

Connect with an expert

2 Replies

If this was a trustee-to-trustee transfer there are no penalties assessed

Not if you do it correctly. A failed rollover can sometimes have major task consequences.

Why do you ask? Are you seeing a penalty in the program? We may need more details about your situation.

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.