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June 1, 2019
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Do you have to be OVER 59 1/2 to Direct Rollover (code G in block 7) a 401k account to a Traditional IRA (direct trustee to trustee) to NOT pay income taxes on the money?

  • June 1, 2019
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Best answer by Ashby

No, you can be any age on a direct rollover. This is not a taxable event if it is a traditional IRA and there is no penalty.

1 reply

AshbyAnswer
June 1, 2019

No, you can be any age on a direct rollover. This is not a taxable event if it is a traditional IRA and there is no penalty.