I had some money in a 401k from an old employer. I received a termination distribution check in the mail, however I am well past the 60 day rule, *I am nearly at 6 months. The check was received in March of this year.
With that said, I wanted to know my best course of action and had a few questions.
- What did I lose by missing the 60 day window?
- I lost some money to "Federal Withholding", is there any way to get that back?
- Is there any benefit in trying to deposit this check to my Roth IRA, or should I simply deposit into my checking account?
Thank you for the assistance in advanced. I did a fair bit of googling before posting, it does not seem there are many clear explanations of what happens after the 60 days, just before.
Submitted September 07, 2022 at 11:58PM by TJtheApple https://ift.tt/salWCAZ
