Re:You've only added two lines – why did that take two days?
by JTbane on Wednesday July 15, 2020 @11:00AM
(#23846121)
The problem I see is that if you're 30 and use that rule, you are basically forced to drain your 401k over the next 29.5 years.
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Re:You've only added two lines – why did that take two days?
by nybble41 on Wednesday July 15, 2020 @06:07PM
(#23852766)
Yes, but you don't have to spend it all. You could take just what you need to live on and invest the rest elsewhere. You'd give up some of the tax-deferral advantages of the 401k, of course.
(Perhaps you could roll over part of the 401k into an IRA first, and then take the rest as 72(t)?)