I did not have much in this 401k since I was not at this job too long, but I received a letter stating I would get a check sent to me with the funds. What I’m confused about is, the total amount was 495.18 and there was 7.00 taken from that for Federal Withholding, so net to me is 488.18. The letter says I will have 60 days to roll this money over or I may be subject to tax penalties. I’m not sure what these may be and what is the best way for me to proceed in this situation. Any advice is greatly appreciated!
Submitted April 13, 2024 at 08:46PM by scurry202 https://ift.tt/gI72a9V
