daniel@ihu1h.UUCP (D.F.Webster) (03/13/84)
I have a question that I hope someone out there has an easy answer for. My father-in-law once again is ready to buy an IRA. He has decided to take the money from his company savings plan (partial distribution) and buy it. I know that you can rollover lump sum distributions up to the money you put in, but can you rollover a partial distribution? The question arises because he has never taken a distribution and had not planned on one until he retired, but he can make almost the same amount of interest on an IRA. It seems to me that this would be the best way to go, because you are in effect getting a deduction for company savings money. (Remember his partial distribution is otherwise taxable) Any help would be greatly appreciated. Daniel (no-relation-to-the-dictionary) Webster