The simple answer to this is that you have 60 days to transfer a withdrawal from one qualified retirement plan to another. This transfer will be considered a rollover if you complete it before the 60 day deadline. If the transfer is considered a rollover, it is not subject to income tax.
Please consult your tax advisor on all of the above information and “Like” us on Facebook for your chance to win gift certificates to great local restaurants, www.facebook.com/veseyandcompany.
