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wzd · 12-08-2003, 10:34 AM

Take a look at http://www.retireearlyhomepage.com/wdraw59.html

If you have retired after age 55, then I think you can take withdrawals from the 401k. *Your options for withdrawals are to take withdrawals from the 401k or to roll it over to an IRA and take withdrawals from it. *There are advantages and disadvantages to each way. *

Personally, I rolled the pre tax portion of mine over to an IRA, and the after tax portion to an after tax account. *I am 50, so the age 55 withdrawal from a 401k was not an option. *And I find 'forever' type paperwork and tracking a real nuisance, so I seperated the pre and after tax portions. *Now I live on the after tax portion, with a small annual SEPP withdrawal to move money from the IRA to after tax. * The withdrawal was sized to keep me near the top of the tax bracket, without going into the next one. *That decision was based on analyzing output from ORP and seeing what it was recommending (i-orp.com)

Wayne

(edited by admin to fix typo in URL)

12-08-2003, 10:34 AM	#2
wzd Recycles dryer sheets Join Date: Nov 2002 Posts: 368	Take a look at http://www.retireearlyhomepage.com/wdraw59.html If you have retired after age 55, then I think you can take withdrawals from the 401k. Your options for withdrawals are to take withdrawals from the 401k or to roll it over to an IRA and take withdrawals from it. There are advantages and disadvantages to each way. * Personally, I rolled the pre tax portion of mine over to an IRA, and the after tax portion to an after tax account. I am 50, so the age 55 withdrawal from a 401k was not an option. And I find 'forever' type paperwork and tracking a real nuisance, so I seperated the pre and after tax portions. Now I live on the after tax portion, with a small annual SEPP withdrawal to move money from the IRA to after tax. The withdrawal was sized to keep me near the top of the tax bracket, without going into the next one. *That decision was based on analyzing output from ORP and seeing what it was recommending (i-orp.com) Wayne (edited by admin to fix typo in URL)