Quote:
Originally Posted by toy71camaro
Yup.. I try not and worry about it. Not trying to time anything anyway.
I am workin with Dad to try and get his 401k moved over to a Trad IRA so we can get some more control over it. Just trying to make sure it doesnt have any negative impact on his disability/insurance, etc.
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You might want to include a TAX professional in this discussion BEFORE actually taking any action. One slip up and you get killed. The IRS is not very forgiving.
I once had a check sent to me --- and deposited it into my account --- to transfer into the IRA..... BIG MISTAKE -- paid taxes and a PENALTY for that little slip. Even though it was an honest mistake --- they could care less.