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I officially notified my employer of my intent to retire on August 31st (at age 55!). I have been working with both Merrill Lynch and Edward Jones, and both have come up with almost identical plans, both of which are acceptable to me. How do I choose? Does anyone have any bad or good...

55 years of age, 31 years of service with megacorp. Want to retire now, and need/want $87K per year. Healthcare is taken care of with both megacorp policy, VA, CHAMPVA, and at age 60, TriCare. I have $43K of my needs covered with COLA'd VA disability pension. I plan to invest $480K profit...

I'm 55, and have over 31 years with the same company which qualifies me for full retirement benefits. I have a pension worth $430K that I can take as a monthly annuity paying $2100/Month with a 75% survivor benefit, but with no COLA, or I can take it as a lump sum. If I do the lump sum, the...

I plan to retire in the next couple of months, and as I understand it, I'm required to roll my lump sum pension of about $450K into an IRA and can only take 72-T distributions if I want to avoid the 10% early withdrawal penalty. I also have a company sponsored profit sharing plan worth about...

I'm 55 years old and have worked at the same company for 31 years. After being rated by the VA at 60% 17 years ago, I was recently increased to 100% Permanent &Total disability with SMC Housebound status (100% P&T on left leg, and 100% P&T on right leg). Recurrent DVT's, PVD, Massive Board...

55 years old with 31 years of service in the corporate world. Wife 43, kids 16, 15, 12 &10. Megacorp family insurance plan that I can keep in retirement for about $200 a month. I also have access to VA healthcare, and the wife and kids have CHAMPVA as secondary. Got about $500K in lump sum...

I'm 55 and have been with the same company for 31 years. Supposedly I qualify for full company retirement benefits under the 85 rule (55 years of age, plus 31 years of service = 86). I'm also rated as 100% disabled by the VA (permanent and total). Will I be exempt from the 10% penalty on IRA...

I'll be 55 in February with 31 years at the same company, and can retire with full company medical benifits at that time. I draw $36K per year (tax free) from the Veterans Administration (disability) I have 1 million in 401K/Company pension. I will start drawing about 9K per year at age 60...

My wife is 12 years younger than me (I'm 54). I'm thinking of retiring in 2/3 years and am curious as to whether I should take a lump sum or annuity, given my wife's potential to outlive me by several years. At present i have a $530K 401K, and either $430K in lump sum retirement, or a $2,700...

Does this mean 4% net withdrawal (after taxes),... or 4% gross??

Any pipe smokers here? What is your favorite pipe tobacco? I just purchased 2 pounds of Samual Gawith "Squadron Leader" and will be putting it in mason jars for long term ageing and storage. I love this stuff!!:)

:) I'm 53 with almost 30 years with the same company (engineer). I just talked to my financial advisor last week and went over all my assets, liabilities, insurance, retirement needs, etc. She's telling me that based on a conservative allocation, and including SS and my Army Reserve Retirement...

I'm 53 with a 401K and pension (lump sum) that are currently worth about $950,000 together. I visited with my financial advisor yesterday and told her that I think I'll need $4000 a month after taxes when I retire, hopefully at age 56 or 57. She said she thinks I'm "in the ballpark". What do you...

My company offers full retirement at age 55 with 30 years of service (profit sharing + lump sum pension + retiree health insurance). Will I have to pay a tax penalty for withdrawing retirement funds prior to age 59-1/2?

If I retire prior to age 62, will I be required to continue paying social security taxes? Any advice would be appreciated.

Married with children aged 15, 13, 10 and 9 ( I know, no chance, right?). Want to retire in 3 years. Currently age 53 with 29 years at major company. Can keep company insurance after retirement. Also will have tricare (Military) insurance at age 60. Anticipate that in 3 years my 401K will be...

Hello all, I'm 52, an engineer with a national HVAC company, and looking for sound advice on how soon I might be able to give up the daily grind. Married, 4 kids (14, 12, 9, & 8) + a dachshund hound dog.:greetings10:

I am 52 with plans to retire at 59-1/2. and currently have a 401K worth $500K. I also have a company pension that should be worth around 400K Lump sum when I go, plus a very good company health plan that will cover me and my family until medicare kicks in at 65. In addition I receive a monthly...