[mitchntx]

I don't understand all I know about legalized money laundering, AKA rolling a 401K.

Backstory ...

I have been contributing to a 401K and receiveing a company match in stock at 60% for a while now ... maybe 20 years.
My comapny is being bought and taken private.
As I understand it, if the buyout is approved by the shareholders, my stock will be cashed out at the approved price and I will be issued a check. (IMG:http://www.frrax.com/rrforum/style_emoticons/default/blink.gif)
Taxes will be withheld (IMG:http://www.frrax.com/rrforum/style_emoticons/default/mad.gif)

Help needed ...

If I roll it into another approved option within the specified time frame, I can recoup the taxes next return. I understand that.

But I want to avoid the tax thing altogether. I want to maintain that 28% of the fund in my retirement and continue it growing.

I need some coaching on doing this as I don't understand all I know about it and time to educate myself is running out. Making a mistake or misunderstanding a small detail could have big financial ramifications.

[mitchntx]

Thanks, Gene. I have been asking around and sent a few notes to those who seem to be doing well. We'll see what sprouts from those seeds.

I, fortunately, have worked really hard over the last few years at eliminating debt, working towards retirement at 55 ... 7 short years away!

10 years left on my home, a couple nagging CC and medical balances, but zero car payments and everything is paid in cash. I keep jockeying the CC balances between 0% transfer offers and have wittled that down considerably.

Along the way, I have tried to amass the infrastructure to open my own business in order to supplement pension and retirement income.

I appreciate all advice ...