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What are the tax consequences of a direct rollover to a traditional IRA or other qualified retirement plan?

April 26, 2017consequences qualified retirement plan rollover tax Traditional IRA

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What are the tax consequences of a direct rollover to a traditional IRA or other qualified retirement plan?

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The payment will not be subject to Federal income tax in the year the payment is made; taxes will be deferred until you withdraw the funds from the IRA. No Federal income tax will be withheld from the payment.