gwix98
Recycles dryer sheets
Happy holidays to all!
Looking for advice/opinion on the following scenario:
53 y/o guy with working wife likely to face first layoff
of his life. ER wannabe, but unlikey. May be able to replace current job with another, but difficult to know.
Rather tight market and with major downsizing of company, many former employees with similar skills
likely to be on the same market competing for the few
positions with other firms. Many younger, and not mgmt.
Eligible for unemployment for 7 months or so, and will
have additional funds, so could probably go nearly one year without working, but might have to make major
changes after that point.
Would consider 72t arrangement as nearly last resort.
Funds are in a rollover IRA.
If during the required 6.5 year of drawing from the IRA,
I become employed again whats would be some options
for returning the monies again for the future needs of
retirement? Is using a ROTH the best likely situation?
Whadda think?
gwix
Looking for advice/opinion on the following scenario:
53 y/o guy with working wife likely to face first layoff
of his life. ER wannabe, but unlikey. May be able to replace current job with another, but difficult to know.
Rather tight market and with major downsizing of company, many former employees with similar skills
likely to be on the same market competing for the few
positions with other firms. Many younger, and not mgmt.
Eligible for unemployment for 7 months or so, and will
have additional funds, so could probably go nearly one year without working, but might have to make major
changes after that point.
Would consider 72t arrangement as nearly last resort.
Funds are in a rollover IRA.
If during the required 6.5 year of drawing from the IRA,
I become employed again whats would be some options
for returning the monies again for the future needs of
retirement? Is using a ROTH the best likely situation?
Whadda think?
gwix