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SoReady, the workaround depends on the terms of your retirement plan. With mine, if age + years of service = 85, there's no penalty for early retirement. Unused sick leave is converted to an equivalent amount of a year of service, e.g., 1040 hours unused sick leave / 2080 work hours per year =...

pinejake, way to go. I have a question about the pension payout. With my company's traditional defined benefit plan, there's a 5% per year penalty for early retirement before age 62. We have a workaround for that with a magic number, but even at that, can't draw the pension before 55. Any of...

I wish mine were that way, but it's not. They didn't even put this in the fine print. Even so, it would only be $50K for me, whether that's a plan limit or tax code. That R/E loan idea merits some thought. I think I'm going to find that the fees associated with a short term equity loan will...

Martha, no post-retirement loan. Once the split distribution is made, there's no longer a 401(k) from which to obtain the loan; penalty-free cash distribution to me and a rolled-over IRA are what I'll have as a result of the split. Yes, an unpaid loan at time of distribution would be a taxable...

Masterblaster, isn't there a limit of $50K for a loan? Thanks for the referral. Katsmeow, I may not have made it clear that the entire penalty-free amount I need for living expenses has to be withdrawn in 2011. This split distribution and its limitations were news to me. Word to the wise...

I didn't read through the posts, so apologies if I repeat something already said. Disclaimer: I'm not an investment advisor and I don't play one on TV. I give this advice repeatedly and it's worked for me; invest in China, invest in anything China needs, investment in any company that has what...

Greetings to all like-minded souls. I retire in April at age 57, quickly pass to 58. I'll be 59 1/2 in October 2012. I have a 401(k) and a cash balance defined benefit account. My employer shot themselves in the foot when they negotiated the minimum rate for interest credit on the CB, setting...