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emc011075
emc011075, Tax adviser
Category: Tax
Satisfied Customers: 3118
Experience:  IRS licensed Enrolled Agent and tax instructor
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Husband inherits deceased wife's pension plan. Can he

Customer Question

Husband inherits deceased wife's pension plan. Can he rollover the cash value into an IRA if he is a participant in a 401-K plan at his work?
Submitted: 4 months ago.
Category: Tax
Expert:  emc011075 replied 4 months ago.

Hi. My name is ***** ***** I will be happy to help you.

Yes, you can. You can treat it as your own and roll it over into your traditional IRA or even your current 401K if the employer's plan allows it.

Rollovers are not treated the same ways as contributions. While you cannot make a deductible contribution into your IRA if your income is too high, you can still rollover an existing pretax retirement account.

Expert:  emc011075 replied 4 months ago.

I see you read my respond. Do you have any questions? Is there anything else I can help you with today?

Customer: replied 4 months ago.
NO.
Expert:  emc011075 replied 4 months ago.

You're welcome.