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Thank you for your input. When I did my original research, I thought the only way I could do a withdrawl without penalty at 55 was if my admin would allow it OR if I moved everything to IRA and took SEPP under 72t. I do need to speak to my accountant - but so far the accountants I spoke to...

Thank you, Brewer, Rich and Leon - After researching further the links supplied (thanks, Guys) I realize that I should not be using an annuity. I need to talk to benefits BUT I haven't given notice yet so I have to wait. Meanwhile, I banked my last few months pay and have about $20k on hand...

Thank you all - I apologize for the duplicate post! I love LAW & ORDER and now I feel like I'm talking to an old friend - lol. I am looking for my own little income for 5 years to come out of my 401k ($360,000) just until I can collect at age 60 a monthly check from railroad retirement...

Thank you very much for that response. Hmmm... that makes me wonder! I need to find out if I am permitted to make withdrawals without the 10% penalty under any other circumstances. Must dig further... Thanks for your prompt response! I did post this on another thread - didn't think anyone...

Hi. I'm Kathy and I'm 55 years old. My husband has been retired from a civil servant job and receives a pension and a disability. He has been retired over 2 years and this last year underwent life-changing surgery - a double transplant. It got me thinking that it is time for me to retire and...