So, a few 12 months and a half in the past I left an organization and began working for an additional one. Once I left Firm A I had a 401ok and pulled all the cash out and deposited it in to an IRA with my financial institution.
Firm B has a 401B, and on the time I used to be suggested to not put it in there, or one thing, I can not keep in mind. Level is that I did a full withdrawal of my 401Ok at Firm A and put it in to an IRA.
Yesterday I received a examine for lower than $150 from the outdated 401ok holder. They’re calling it a “full withdrawal”, however at that quantity I do know it isn’t.
Anyhow, large query is how do I deal with this examine? Is it spending cash, “Has to return in to your IRA or the IRS will get you” cash, like the primary 401Ok examine?
There’s a line merchandise on it that claims “IRS withholding”, which leads me to imagine it isn’t required to be deposited in to the IRA ASAP, however wish to verify earlier than I take that strategy with it.