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Re: How early can I retire-50 years old?
Old 02-21-2006, 08:57 AM   #21
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Re: How early can I retire-50 years old?

Originally Posted by WRBT
What if he believes his tax bracket will be lower when retired? Wouldn't it make sense to use a 401k (in addition to a Roth) then?

In my (granted limited) experience 401ks often have a cheapo broad equity index fund... there is almost alway a place in my diversification strategy to use the 401k for part of that.

Also - Can't he roll the 401k and SEPP to get it without penalty? Yes, he can roll over the 401k into an IRA but would have to do a 72(t) (SEPP) for 5 years at the calculated withdrawl.

Also - Can't he get at his 401k at 55 if he retires? Yes, this can be taken at 55 without penalty. If the investment mix is good in the 401k this might be the better option if one needs to regulate the amount you get each year. A 72(t) forces you to take one of three options to calculate your withdrawl.

Here is a link to a good IRA 72(t) site.

Work? I don't have time to work....I'm retired.
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