Thread: Money Investing megathread extravaganza
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Old 03-17-2023, 08:39 AM   #13271
Buehler445 Buehler445 is offline
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Join Date: Apr 2007
Location: Scott City KS
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Quote:
Originally Posted by petegz28 View Post
If he does a rollover today he has 60 days to put it into a Roth and he has until April 15th, 2024 to pay the taxes on it.

What am I missing?
It won't be a penalty for pulling out of a 401K. The income will be taxable with no withholding against it. Accordingly, he will potentially have exposure to an underpayment penalty.
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