Search results

@rachellee The 60 day rule is relevant if you have empower issue a check payable to you as a lump sum distribution. You wouldn’t want to do this anyway because they’d be required to withhold 20% for Federal taxes and may be required to withhold state taxes depending on where you live. The...

@rachellee If the check is payable to the new employer’s 401(k) provider then it’s still a direct rollover even if it’s mailed to you directly. I know Empower will accommodate this. We see checks from them regularly.