Saturday, July 16, 2011

What do I do with a reimbursement check from a 401k if I currently ...

July 15, 2011 ? Advisor ?

My mom did not rollover her 401k from her old employer and the cut her a check. She doesn?t have a 401k with this new employer. She got her check about a month ago and she has not cash it. I have no clue whatsoever what to tell her? Any ideas? Any clues on penalties? Also, her employer does not have open enrollment for 401k, if that means anything. Thanks a bunch!

Source: http://rothira.soolutions.com/roth-ira/what-do-i-do-with-a-reimbursement-check-from-a-401k-if-i-currently-dont-have-another-retirement-account/

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