Re: [RT] 401K QUESTION: TRYING TO HELP A FRIEND

[Ben <profitok@xxxxxxxxxxxxx>]

Hello Charles

this is not possible, 401K is a tax sheltered account

additions to it can only come from another 401K , ira or any other tax sheltered account but NEVER from a personal account

Ben

----- Original Message -----

From: Charles Meyer

To: REAL TRADERS

Sent: Friday, June 24, 2005 7:08 PM

Subject: [RT] 401K QUESTION: TRYING TO HELP A FRIEND

Group-

 

I think someone on the list probably knows the answer to this question.  I have a local friend who works for the USPS.

He also owns some Wal-Mart stock in a taxable personal account.  Can he transfer that stock and place it in his 401K?

Thanks for your feedback.

 

Chas

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