T. Rowe Price telling me to do initiate 401k rollover via…
0 reactions
T. Rowe Price telling me to do initiate 401k rollover via withdrawal
Hello,
Long story short I got an email from an old employer saying that they were no longer using T. Rowe Price for their 401k and that I will need to move my funds. I contacted T. Rowe Price and they said in order to do a 401k rollover (into another traditional 401k) I would need to do a withdrawal. I was always under the impression that a withdrawal is a taxable event whereas a 401k rollover, assuming it's one traditional account into another, is not. Has anyone rolled a 401k out of T Rowe Price before and had to do it via a withdrawal?
#business
source
Hello,
Long story short I got an email from an old employer saying that they were no longer using T. Rowe Price for their 401k and that I will need to move my funds. I contacted T. Rowe Price and they said in order to do a 401k rollover (into another traditional 401k) I would need to do a withdrawal. I was always under the impression that a withdrawal is a taxable event whereas a 401k rollover, assuming it's one traditional account into another, is not. Has anyone rolled a 401k out of T Rowe Price before and had to do it via a withdrawal?
#business
source
| 0 mlx | |
| 3 | |
| 0 |