Originally Posted by Dynaflash
We retired 2 years ago and live a pretty frugal life while still traveling and having the things we need. Now I have decided that I want a New truck and New camper. I will need about 100k to get these things. Here is the question. How do I remove this money from my 401k?
Sounds to me like you need to do some tax planning. Several years ago I worked up a plan as to how I was going to move my taxable IRA/401K money out to minimize my taxes/rate. You give no clue as to age, size of tax deferred moneys and other income/savings.
If you have a substantial amount, it would pay to get help. Quite a difference in paying 12%, 15% or 22-25% or higher.
But, by all means, get the new truck and camper while you can still enjoy it. You can take advantage of low rates, get it now, and crunch the numbers and pay off as much as you can early in a tax frugal manner. I have had trouble spending the dough, but getting better at it. Hard to believe how hard it is to change from saver to spender.
Best of luck.