Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: FoolishGardner Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 63  
Subject: Re: Retiring at 55 Date: 9/20/2007 6:11 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Thank you for your reply. That sounds like what I have heard from other sources.

I hope to be able to stay with my current employer until age 55. I am concerned what would happen if something turns sour and I end up leaving before that time. Organizational changes may be on the horizon. If I roll the account balance into an IRA, would that prevent me from accessing the funds penalty free at 55? Would I need to leave my account in the hands of my employer until 55? Would I need to take the funds in the form of an annuity in order to avoid the penalty? I want to have as much control over my investments as possible when I retire and make sure that if I "kick the bucket" the day after retiring, my family receives full benefit of the balance that I have accumulated over my many years of service.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Macro Economics

Intel's Broadwell Potential
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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