My former employer's 401(k) plan has been terminated and I was mailed a distribution check with 20% tax withheld. However, I wanted to move my money into my current employer's 401(k) and not pay tax. Is there a way to fix this?
One representative I spoke to suggested moving the money into a new IRA, making up the difference from my own pocket, and then asking for a rebate a tax time. Will this work?