4. The intent to start taking SEPPs from traditional IRAs is exactly the kind of thing I was thinking about. I hit 55 in under 7 years, so that window aligns with potential (relatively) early retirement. Yes, you can do the T IRA SEPP withdrawals before 59 1/2, or simply pull funds without penalty from your 401k after 55 when you quit work. If your new employer has a good plan, you might consider just rolling your current 401K into there so you don't have to deal with SEPP for a while. Or as I said, if you want to keep that option open but allow yourself all the bells and whistles of choosing your own brokerage, just keep the 401K rollover in a separate account and keep a paper trail, so that you have the option to roll it in to your current 401K later. I suspect this is contingent on what your new employer will allow. In this case you have two sets of rules to deal with...the IRS and your employer 401K.I honestly don't know how much of a PITA SEPP is, but I am happy to be able to avoid it. But our 401K is pretty good in terms of what it lets us do. IP
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra