Just finished residency and got kicked out of my governmental 457b plan. Did not get the notice to roll over internally so just got a check for the full amount minus 20% tax withholdings. Did some research and it looks like I can roll it over myself and put in the 20% taken out by prudential and will get that money back in a tax refund.
Where is the best place to put this money? Since taxes are already taken out, is there someway to roll this over to a Roth and make it a post-tax contribution?
Should I roll it over to a normal rollover 401k or should I put it into my individual 401K (I'm a new independent contractor and probably wont be able to hit the full limit given only half a year of attendinghood.)
Thanks for the help!
Where is the best place to put this money? Since taxes are already taken out, is there someway to roll this over to a Roth and make it a post-tax contribution?
Should I roll it over to a normal rollover 401k or should I put it into my individual 401K (I'm a new independent contractor and probably wont be able to hit the full limit given only half a year of attendinghood.)
Thanks for the help!
Comment