I ran the ORP calculator and it is suggesting that, starting with the first year of my retirement (age 53 - next year), I withdraw substantially equal periodic payments (SEPP) from my 401K (TaxDef) account, so that I can then slide that money into a Roth IRA. Can this be done without a 10% penalty since I would be starting the SEPP process at 53, a couple of years prior to age 55? If I do this, ORP appears to be indicating that I will pay some tax, but it's silent on the issue of any penalty.
Any wisdom out there for this numbers-challenged novice?
Any wisdom out there for this numbers-challenged novice?