[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]

Or I could sponsor a race car ... who should I pick?

Update ... there is an electronic avenue where I can roll the funds and then make investment decisions and it's a part of the group that administers the Company's pension plan. So, there is little to no cost to do the rollover and no check is ever cut.

That appears to simplify things significantly.

But, the account I had established was closed due to inactivity. I guess I procrastinated longer than I thought! Wheels are in motion to get the account reestablished.

It's gonna be tight ... I need to get this transaction completed in about 2 weeks.