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What happens if you don’t deposit a direct rollover check?
What happens if you don’t deposit a direct rollover check? My sibling (20s) has a ~20k rollover check from an inherited 457b that he’s had for ~4 months or so and has not deposited because it requires him to put a little more effort in than just signing the back and depositing it via his banking app. The check is made out like “Financial Institution FBO Sibling’s Name” and he needs to mail it in to have...
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