Recent content by Swordplay Charlie

Charge it.

Area 51?

1. Being the engineer of a freight train. 2. Not being part of social security.

How about $500,000? https://www.cnbc.com/2017/03/24/budget-breakdown-of-couple-making-500000-a-year-and-feeling-average.html

Still book marking here, but not as much as before. I clean them out about once year.

I still like writing those monthly checks for all my bills.

I know the match from the money I put into my Roth 401(k) goes into the traditional portion of my 401(k).

Just read thru my SPD and nowhere in there does it say how funds will be sold. Also remembered that when I called my 401k help line that there wasn't any questions as to who I was, my account or anything like that. So how would they know anything about what I was asking?

When I talked to one benefits person he told me that funds would be sold pro rata to cover the amount of withdrawal, another time the person told me that I could specify the funds I wanted to sell. Asked if I could get a copy of the funds request so I could see which rep was right, but alas...

The 20% withholding was kind of a shocker when I heard that from my provider.

Why would I use a 72t calc if using the age 55 rule? I shouldn't need to.

That's the way I see it from all the reading I've done on the subject. I have never seen anything about a formula like a SEPP has or a limit on the amount you can withdraw from a 401k using the age 55 rule. As long as you follow the IRS rules and the SPD work requirements work for your situation...

so how is it determined how much one can withdraw from a 401k using the age 55 rule?

Katiek: As I had mentioned before, I'm embarrassed and I'll show you why. Just went over May, June, July, Aug 2017 checking acct. These numbers are from only convenience stores, grocery stores, Taco Bell, Chipotles, McD's, Burger King, pizza, chinese, Steak n Shake, Steak-Out, Red Robin...

Katiek, I have tracked expenses in the past and am embarrassed. Electric/gas, cell phones, water, internet, sewer, landline phone average out at about (there's that word again!) $600 a month. Auto loan is $434. Grocery - $400. Property tax and auto/home insurance $365 a month and are paid...