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Financial Planning / Foolish 401(k)s


Subject:  Re: 55 year old rule Date:  6/10/2013  9:52 PM
Author:  aj485 Number:  25049 of 25822

I've been maxing out my 401k since 1997 at the same company/401k plan, and plan to continue until I'm 45 in 2019. Then I'd like to take about 5+ years off, and then come back to work at 50 or maybe a little later and work until 55 then fully retire.

I think it's a huge risk to assume you will be able to just step back into a job after 'taking off' 5 years. How are you going to support yourself from 45 - 50? Why not just work until you are 49 or 50, and then use the same strategy to support yourself until you reach 59 1/2?

(Assuming my compan