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<blockquote data-quote="olroadbeech" data-source="post: 1737989" data-attributes="member: 52145"><p>you wont be taxed with a direct rollover from one retirement account to another. vanguard should be able to help you with that. I think and correct me if I am wrong that they should only withhold 20 % if you are making a withdrawal or a distribution.</p><p></p><p>a DIRECT rollover is an electronic transfer from your retirement to another IRA or retirement vehicle.</p><p></p><p>I retired and we have our 401k with prudential and they told me I can keep my account with them and do not have to do a rollover so that is what im going to do. I will probably do partial rollovers to vanguard .( if that is possible )</p><p></p><p>I also have my IRA with vanguard for years and think they are the best.</p></blockquote><p></p>
[QUOTE="olroadbeech, post: 1737989, member: 52145"] you wont be taxed with a direct rollover from one retirement account to another. vanguard should be able to help you with that. I think and correct me if I am wrong that they should only withhold 20 % if you are making a withdrawal or a distribution. a DIRECT rollover is an electronic transfer from your retirement to another IRA or retirement vehicle. I retired and we have our 401k with prudential and they told me I can keep my account with them and do not have to do a rollover so that is what im going to do. I will probably do partial rollovers to vanguard .( if that is possible ) I also have my IRA with vanguard for years and think they are the best. [/QUOTE]
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