What's the Tax Impact of Gifting Money from a 401(k)?
Q: My sister has cashed out her 401(k) and wants to give it to me as a gift...
Q: My sister has cashed out her 401(k) and wants to give it to me as a gift. How will this affect us tax-wise? The amount is about $14,000. —Beverly, Benton, Ark. A: Lucky for...