Help with finance....

[FRPLG]

it can be rolled over into a like account with no tax liability. Whatever he does he shouldn't take the payout. Taxes on that bad boy will kill it. Wait until it is needed in cash to cash it.

[Redskins8588]

Originally Posted by FRPLG

it can be rolled over into a like account with no tax liability. Whatever he does he shouldn't take the payout. Taxes on that bad boy will kill it. Wait until it is needed in cash to cash it.

Will he be able to roll it over through the bank or with the current 401k group? Like will the group have programs in place for such an event? Also, he is 61 now, how bad will it be hit when takes it out after his is 62? Is he always going to be looking at a bad tax hit on it?