Last year (2007), the IRS permitted the company controlling a 401(k) to allow a non-spouse beneficiary to roll it over to a beneficiary IRA. Now that option is mandatory. If you are the non-spouse beneficiary of a 401(k) you may demand that it be rolled to a beneficiary IRA and you may then stretch out the withdrawals over your lifetime. This is an important option for those whom it impacts. Prior rules allowed a forced withdrawal within 5 years of the account holder passing on.
JOE

• Section 72(t) withdrawals
• Ready, Set, Roth!
• Another Reason to Roll your 401(k) to an IRA
• Why you need Insurance
• The 401(k) backlash

• Co-op wins it for Which
• Retirement Accounts Explained
• George Miller, Teresa Ghilarducci and the End of Your 401k.
• High Yield IRAs
• Walmart sets the record straight on its $298 laptop

written by JOE \\ tags: 401(k), Finance, Retirement, roth ira, Taxes