IRA Rollover & Financial Aid Implications

happymomof1
Sun, 12 Jul 2015 02:33:16 +0000

It really is much less messy and less risky (lots of people slip up and hold the money for more than 60 days) if he has the money moved straight from the 401k to the new IRA. He should be thinking now about where he wants the money to go (maybe into a different division of the organization that handles the 401k), so that the paperwork can be ready when he leaves the job.