A Direct IRA Rollover is when your 401k retirement savings (or 401k distributions) are transferred directly from your old employer's account to your own Individual Retirement Account through a trustee-to-trustee transfer. What if i Take a 401k Cash Distribution and do NOT Rollover into IRA? 1. You will NOT have to pay any taxes on this, provided you do the rollover WITHIN 60 days. You can transfer your company's stock directly to your IRA Rollover Account without liquidating the stocks. 2.
Who Voted for this Story You will NOT have to pay any taxes on this, provided you do the rollover WITHIN 60 days.