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Author: TSnively One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75824  
Subject: Re: Fool's Age Date: 9/2/1997 11:25 PM
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>with an income of $50,000 in 1990 dollars.
>Now at 42, where most other people my age
>are thinking about how they're going to
>save for retirement, I'm thinking about
>retirement itself.

Congratulations!

I do have a question for you... Your nest egg is primarily in your 401K (or IRA), and you plan to retire at 50. Won't you end up paying the 10% penalty for withdrawing before 59 1/2?

I'm only 26, and I've started my own SEP. (I'm self-employed.) However, I think I'll also be able to retire before 59 1/2, so I should have a significant amount of my savings not tax-deferred. Do people agree? What amount should be not tax-deferred? 50%?

Thanks!

-Tom
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