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Author: fooldaveonce One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76115  
Subject: 401(k) withdrawal Date: 12/10/1999 8:00 PM
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I retired in April and was notified by the company that handles my former employer's 401(k) plan that I will have to withdraw my funds next year. (It was a small company with fewer than 25 employees thus we were never offered the typical investment options. The company typically kept about 55% in stocks, 40% in bonds and 5% in cash. We employees received reports of our funds' worth annually as of Dec. 31. I estimate my fund has something in the $75,000 to $80,000 neighborhood.
Between us, my wife and I have about $800,000 in investments of which approximately $420,000 are in tax-deferred accounts. She is also retired.
My question is, should I roll over the 401(k) into an IRA or take the money, pay the taxes and invest it stocks or mutual funds?
We need more than what we receive from Social Security to continue our present lifestyle, so some suplemental income is needed.
Look forward to your input.


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