Account Balance – Combining 401k and ira after Dec

L1: Account Balance – Combining 401k and ira after DecI am planning on starting my SEPP withdrawals in Jan 2004. As of December 27, 2003I have a rollover IRA and money in my former employers 401k plan (I retired at 51). Iplan to roll the 401k money into the IRA sometime in Jan 2004 and begin the withdrawals, and have been told this is okay. However all of the literature I read says that you must use the account balance on 12-31 of the prior year. Does this mean I must do the rollover prior to 12-31-2003 to include the 401k money?

2003-12-27 07:19, By: lar_in_mo, IP: [69.23.114.147]

L2: Account Balance – Combining 401k and ira after DecHello lar:
On the presumption that yo wish to use the combined balance of your IRA & your 401(k) account; all you need do is use the combined balance to compute your 2004 distributions; presumeably using 12/31 balances for both. waiting until a later date to roll the 401(k) balance into the IRA or into another IRA is fine.
TheBadger
wjstecker@wispertel.net

2003-12-27 09:34, By: TheBadger, IP: [38.116.134.130]