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I did just that this past January. What I did was to use American Express Financial folks to set up what is called a "substantially equal periodic payment"(SEPP) plan and the withdrawals are treated as ordinary income. I also am 52 so our cases are about the same. I am receiving the maximum which is in my case about 9% of the amount of the IRA I decided to use in the SEPP, in my case all of my monies. Here is the catch. Once this plan is started you must continue in the SEPP until you are 59 1/2 or in the plan 5 years whichever is longest. Once the IRA is rolled over and the SEPP is set up YOU can then decide how to direct the monies such as mutual funds or stocks. Happy Fooling in retirement and let me know how it works out.

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