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Subject:  Profit Sharing Date:  3/18/2000  7:51 PM
Author:  raven06 Number:  20248 of 75335

<<My mother had a Profit Sharing Plan at her work. When she retired they
cut her a check for the whole amount. She was 68 years old. She doesn't
believe it was an IRA or 401K and I haven't read her docs yet
She deposited it in CD's a credit union.

Does she have to pay income taxes on the whole amount or just what she
draws out?

Should it have been rolled into a IRA? >>
