Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Looking for some help here.
I am 51 years old and I am leaving my current employer after 25 years. My 401k has @ 200k and I need some Foolish advise. I am not going to another job (I've just had enough of the rat race), so a rollover is not an option at this time. In my plan, a large portion of the investments were made after taxes. That leads me to my 100 Questions.

1. Can I take that money out and use it if necessary without penalty?
2. Can all of the money be rolled into a Ira?
3. If I roll it all into an Ira and then need some of the post tax investment, will I have to pay a penalty on the withdrawal?
4. Is the Foolish 4 a viable option as I still have quite a way to go before true retirement? My wife and I have approzimately 100K in other retirement assets?

I am open to any Ideas

thanks to all
Print the post  

Announcements

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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.