Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: arao2 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121572  
Subject: pub 560 -- retirement plans for small businesses Date: 7/8/1999 11:21 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
a while ago i asked about retirement plans for self-employed people. i was referred to IRS pubs 535, 560, and 590. having read through 560, it looks like the keogh works similar to IRAs in that you can't take out anything before the age of 59 1/2 without being penalized (though there are a few exceptions). is this true? what do people do if they want to retire early? are there any retirement plans that don't specify the age at which you can start taking distributions? of course, i'm kind of assuming that i'm going to retire early, but i don't want to get to the age of 50 and find that i have enough in my retirement plan to retire on but that it's unaccessible. and one of the reasons i was thinking of starting a keogh was because i'm probably going to graduate school somewhere down the line, and i while i am saving a part of my earnings for that, i also want to be able to save for retirement and know that the school isn't going to pounce on that money. AND i have this dream of retiring early. anyone have any suggestions? know of a better place where i should ask my question?
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement