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Brown Cafe UPS Forum
UPS Retirement Topics
401K After Retirement
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<blockquote data-quote="pretender" data-source="post: 985540" data-attributes="member: 1493"><p>I am in the process of preparing for retirement also, this November. Since you are only 52, do you think that you will need to tap any of the funds in your 401K in the next 7 years? You are allowed to make a one time withdrawal from a 401K, so you will need to do that before you do the rollover to an IRA through your financial planner. Also, if you do make a withdrawal, consider waiting until next year, when you will be in a lower tax bracket.</p></blockquote><p></p>
[QUOTE="pretender, post: 985540, member: 1493"] I am in the process of preparing for retirement also, this November. Since you are only 52, do you think that you will need to tap any of the funds in your 401K in the next 7 years? You are allowed to make a one time withdrawal from a 401K, so you will need to do that before you do the rollover to an IRA through your financial planner. Also, if you do make a withdrawal, consider waiting until next year, when you will be in a lower tax bracket. [/QUOTE]
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