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?
1) take it out and pay the taxes
2) take out 1/2 in December and the other 1/2 in January so that my income level is not so high for one year
3) Finance the truck and camper and only take out what it takes to pay the payments
4) some other ideas?
I have the money and can afford to do this but it is very hard for me to make a decision on this . My current truck and camper are certainly useable and I can live without the new ones but hey. Why not?
1) take it out and pay the taxes
2) take out 1/2 in December and the other 1/2 in January so that my income level is not so high for one year
3) Finance the truck and camper and only take out what it takes to pay the payments
4) some other ideas?
I have the money and can afford to do this but it is very hard for me to make a decision on this . My current truck and camper are certainly useable and I can live without the new ones but hey. Why not?