My wife’s 401k with former employer.

My wife’s 401k with former employer. My wife got a new job in January of this year. She dragged her feet on rolling over her 401k from former employer. We are obviously beyond the 60 day period to rollover that 401k. From what I understand, this is now going to be treated as a disbursement. She will get hit with a 10 percent early withdrawal. 20 percent will be withheld for taxes a...

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