Al18
Thinks s/he gets paid by the post
Hi - long time lurker but infrequent poster. I'm 50 and in the home stretch to early retirement in the next 12-24 months. When I started planning my early retirement a few years ago, my plan was to setup multiple CD ladders over many years, and I would spend about 1/2 and reinvest the balance in another CD. I have the CD's setup, but don't want to exhaust them in a low interest rate environment. So I'm think about converting my 401K when I retire, and add it to my current rollover IRA and setup a 72T at age 52. The 72T withdrawls would be about 4% of the balance from ages 52-60 according to the 72T calculator on bankrate.com. Has anyone done this? How long does it typically take to convert a 401K to an IRA rollover? Could I transfer all my stock/bond positions, or do I need to liquidate and re-buy in the IRA? Lastly, are there any time restrictions between converting to the rollover IRA and starting my 72T withdrawals?