Gifted 401(k)
Q: I enjoyed reading your article from 2006 about the Pension Protection Act. I have a situation and am not able to find any answers.
My mom passed away in November 2005. Her 401(k) was changed into my name and in December 2006, a minimum distribution was given to me based on my age, etc. I still have the existing 401(k) with her employer; the only difference is that it is in my name now. Am I eligible to rollover the remaining amount into an IRA? Thank you for any help,
A: I am not sure. I would check with the plan provider and see.
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