401-K Rollover

Have the rollover rules changed for 401-K's?
Someone told me he's over 59? and has taken a distribution from his
401-K, but he wants to put some or all of it back. As far as I can
tell this would have to be done under the rollover rules, which
normally require that it be done within 60 days.
But this guy tells me that he has heard that, if you're over 59? you
can put it back any time until April 15 of the follow year.
Is that correct? I couldn't find anything about that.
Thanks for any insight you may have into this.
Reply to
Stuart O. Bronstein
Important to realize that distribution can be put into any qualified retirement account. Does employer allow funds to returned via the 60 day rule? Keep good records when 3 parties involved.
Reply to
billwat1945

Site Timeline Threads

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.