Greetings, Cigardave1, and welcome. You asked:<<i'm planing to "retire" from my job in a few yearsat the age of 52.I understand that I can take equal payments from my 401k with no penalties, as long as they remain equal until I reach 591/2.Is this correct?I will have enough $$ in the account to live off of the 6% interest and not mess with the principle till I really need it later in retirement.>>Yes, you may make "substantially equal periodic payments" from your 401k plan or an IRA at age 52 under the rules of Section 72(t) of the Infernal (sic) Revenue Code. However, those payments may or may not give you the income you need to survive until age 59 1/2. You'll have to run the numbers to see if one of the three IRS-approved calculation methods will do so. Intercst provided you a link to an excellent site to learn about those withdrawals. You can also run some preliminary numbers to see how things will look; however, the real numbers will have to wait until you actually reach your proposed retirement date.Regards….Pixy
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