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Post by stroupy on Mar 15, 2024 15:08:09 GMT -5
What did you roll your 401K into at first, stroup. I quit my old job and left it in fidelity where it sat there gor two years. I now have it in with ira and was used to someone doing the Investing fir me. I didn't realize I had to now do it myself and that's when I called Brad I told him I would have a lot of copper stock if it wasn't for him. |
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Post by stroupy on Mar 15, 2024 15:09:12 GMT -5
Did he pay the regular tax and the 10% penalty? If the taxes are paid he might be able to put it into a ROTH now. It is now after-tax income. I Took a bunch out of some of my pretax stuff, paid the tax and put it in my roth. I was already 59 so I didn't have to pay a penalty. I didn't pay an early withdrawal because I never cashed it out. They did make me move it but it was well over a year that I did it. |
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Post by stroupy on Mar 15, 2024 15:11:01 GMT -5
He basically got it out of his former company's 401, put it in a Fidelity brokerage account as cash. Likely was qualified Self Directed IRA Rollover/Brokerage account to avoid premature withdrawal penalties & tax?? You may be right I'm am airhead with some of this stuff. It's through Fidelity. |
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Post by Dutch on Mar 15, 2024 19:52:29 GMT -5
What did you roll your 401K into at first, stroup. I quit my old job and left it in fidelity where it sat there gor two years. I now have it in with ira and was used to someone doing the Investing fir me. I didn't realize I had to now do it myself and that's when I called Brad I told him I would have a lot of copper stock if it wasn't for him. You are working on becoming the Copper Baron. 😂 |
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Post by stroupy on Mar 16, 2024 5:44:26 GMT -5
I quit my old job and left it in fidelity where it sat there gor two years. I now have it in with ira and was used to someone doing the Investing fir me. I didn't realize I had to now do it myself and that's when I called Brad I told him I would have a lot of copper stock if it wasn't for him. You are working on becoming the Copper Baron. 😂 What can I say am obsessed 😅 |
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