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"If you take the lump sum option, you don't have to roll it into an IRA if you don't want to. However, if you don't you'll get hit with income taxes on the full $1M,"

Big "Thank You" to Russ. My question was serious. His answer puts the retirement money into perspective. I guess I should play by the rules for tax purposes. The bottom line seems to be that after I'm 59 1/2 I can use the money anyway and in any amount I see fit. Just have to pay income taxes. Makes sense.

I'll be careful to do a direct rollover. I guess Charles Schwabe could handle that?


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