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Old 03-01-2008, 01:00 PM
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How much time do I get before I have to rollover my retirement distribution?

I took a distribution from my pension plan and used it for an emergency personal situation.

Now, that I have the necessary funds available to repay the loan, I just wanted to know how much time I have to rollover the funds so that I may avoid any possible 10% early penalty for the distribution. Thanks!



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Old 03-01-2008, 05:42 PM
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How much time do I get before I have to rollover my retirement distribution

You have 60 days from the day you obtained a distribution of your pension funds to rollover these funds into another qualified pension fund or an IRA.

Or else, not only will you be subjected to a 10% penalty but the entire distribution will be subjected to taxation at your ordinary rate.

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Old 03-02-2008, 09:41 PM
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Thanks a lot..!



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