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Level 2
March 10, 2024
Question

Reinvest Distributed Roth 401k in Same Year

  • March 10, 2024
  • 0 replies
  • 12 views

After leaving my employer during 2023, they automatically sent me a distribution check and took out taxes because the amount in the account didn't meet a requirement to maintain the account with the company. The company did automatically transfer another Roth 401k to a new investment firm which I maintain. 

 

Regarding the account that was closed, and they sent me a check, can I still contribute the disbursement and equal taxes for 2023? I had cashed the disbursement check and the funds are still in a savings account.