Hello all I'm sure this subject has been beaten to death but I'm a bit confused I tried to get advise from a investment person and all they wanted was to get my money ($110,000) :confused:
here are my questions
1. do you need to do anything special to do this like inform the IRS other then using a 1099 that I get from my 401K (in my case thrift savings plan)
2. if I were to do this all I need to do is use one of the many 72 T calculators and continue to get that amount for 5 year or until I'm 59 1/2
3. then when I do my taxes I just use the 1099 I get from my thrift saving plan.
Or if someone can explain the steps on how to do this or what to do I would greatly appreciate it.
P.S. I have been to 72t.net I have read about a million webapges about it I'm still confused..