Story thread · 2 reports / 2 sources

He Had Five 401(k)s From Five Jobs. One Afternoon of Paperwork Put Them in One Account and the IRS Never Saw a Dollar, Because Every Check Was Made Out to the Custodian, Not to Him

247wallst.com · 2d · first reportShare

The IRS buries a two-word rule inside the tax code that decides whether a 401(k) rollover costs you thousands before you ever touch the money, and most people triggering the penalty never realized they had a choice.