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Path: utzoo!decvax!bellcore!ulysses!mhuxr!mhuxt!houxm!hropus!ijk
From: ijk@hropus.UUCP (Ihor J. Kinal)
Newsgroups: net.invest,net.taxes
Subject: Rollover of 401-K plans.
Message-ID: <308@hropus.UUCP>
Date: Wed, 26-Feb-86 15:25:53 EST
Article-I.D.: hropus.308
Posted: Wed Feb 26 15:25:53 1986
Date-Received: Fri, 28-Feb-86 02:39:14 EST
Distribution: na
Organization: Bell Labs, Holmdel, NJ
Lines: 18

In the near future, I'm leaving one company for another that
does not currently have (but will in the near future) a 401K
plan.  I assume that I'll receive a check for the value of
my investments.  My question is, can one rollover that money by
investing in my new company plan?  Is there a 60 day limit,
as with IRA rollovers??  If I can't get the money into my
new company 401K, can I invest it into an expanded IRA (exceeding
the $2000 limit?).  If not, what about the 10 year forward
averaging rule (does it apply)?

Or, once I can participate in the new 401 plan, I could
just increase my allotments to be a sufficiently higher amount
to cover the amount I receive from the old plan - is there
any penalty for not reinvesting (like there would for an IRA??).

Any advice would be greatly appreciated.
Ihor Kinal
ihnp4!houxm!hropus!ijk