Nonqual,<<Isn't there also something about being able to withdraw money from a former employer's plan after age 55 without incurring the 10% pre-59 1/2 penalty?If yes, is this flexibility lost if the funds go into a conduit IRA?>>Yep....That's definitely another consideration. You can withdraw from a qualified retirement plan after age 55 (provided you're no longer working for that employer in most cases) and not be subjected to the 10% early withdrawal excise tax. Put the money in an IRA, and you're subject to IRA rules. The magic age in the latter is 59 1/2.Good point!Regards....Pixy
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<