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There is actually a easier solution. Distributions from the 401(K) are all ordinary so if he has a gain in the WMT he wouldn't want to contribute even if the trustee allowed contributions in kind. If it is long term he should simply sell out of the taxable and buy into the 401(K). He'll pay two transaction costs, but they are so low today. Many 401(K)s allow stock ownership ... some only allow mutual funds, but if his allows direct stock ownership he can simulate a move by selling from one and buying into the other.
-----Original Message-----
From: realtraders@xxxxxxxxxxxxxxx on behalf of Charles Meyer
Sent: Fri 6/24/2005 7:08 PM
To: REAL TRADERS
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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