60-Day Rollovers & SEP IRA Contributions: Today's Slott Report Mailbag
Question: A new customer came to me asking for help with an IRA. Unfortunately, he had already accepted a check from the 401(k) plan made out to him personally. He sat on the check for 5 months and deposited it into his checking account last week. He is only 50 years old. Since we are well after the normal 60-day rollover period, is there any way that this can be repaired? Perhaps under the CARES act of 2020 if his departure was Covid related? Any direction you can provide would be appreciated. Read More
Consumers - We want your questions!
Email your questions to us at mailbag@irahelp.com. Selected questions will be featured every Thursday in the Slott Report.
The New Retirement Savings Time Bomb
A complete action plan to help you make sure your 401(k)s, IRAs, and retirement savings aren’t depleted by taxes by the time you need to use them.
Learn MoreWhat is an Elite IRA Advisor?