[JudyKayTee]

When my husband died his/my financial planner transferred his 401K, in its entirety, into my name. Now (over 3 years later) I went through the estate papers again and found a less than $10,000 SEPARATE 401K he held with another brokerage house. I am also the direct beneficiary of this account.

That broker tells me I can transfer the 401K ino my own name but I cannot liquidate it.

Is that true? Or could I liquidate and pay taxes on it?

I see no point in having this second account.

[AtlantaTaxExpert]

Once the 401K is transferred to your name, you should be able to consolidate it into your other account with no tax consequences. There may be a waiting period, but no longer than one year.