kw,It sounds like your situation is similar to mine when I took Early Retirement from my employer six months ago. My employer's 401k plan was also managed by Fidelity. It was very simple to call Fidelity and have them rollover the 401k into an IRA with them. It's not a taxable event.Within the IRA, there are a lot more investment options than what the old 401k offered. Fidelity has a form for setting up SEPP payments from the IRA. I haven't started my SEPP payments yet. I'll start them either in 2008 or 2009. I have two large rollover IRAs, one from the lump-sum pension payout. The other is from the 401k rollover. Oh, and in my 2nd message, I suggested contributing $333/mo into an IRA - I should have said "Roth IRA" since those earnings won't be taxed down the road.Good luck!CG
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra