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Brown Cafe UPS Forum
UPS Retirement Topics
Drawing a monthly check from your 401k.
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<blockquote data-quote="rod" data-source="post: 779647" data-attributes="member: 5382"><p>I've been drawing $500 a month out of my IRA for 9 years now. I draw it out of a separate Hartford acct. that was set up just for this purpose. Right now there is just a little less left in it than when I started drawing on it. At the rate it is going down I figure I only have about 45 more years left before it dries up at which time I will be 107 years old and will probably have other things besides money to worry about. Get yourself a good financial adviser----you won't regret it. I've got a couple of retired UPS friends that thought they were smart enought to do their own financial planning and they have pretty much wiped out their savings and are back working full time at crappy jobs just to make ends meet.</p></blockquote><p></p>
[QUOTE="rod, post: 779647, member: 5382"] I've been drawing $500 a month out of my IRA for 9 years now. I draw it out of a separate Hartford acct. that was set up just for this purpose. Right now there is just a little less left in it than when I started drawing on it. At the rate it is going down I figure I only have about 45 more years left before it dries up at which time I will be 107 years old and will probably have other things besides money to worry about. Get yourself a good financial adviser----you won't regret it. I've got a couple of retired UPS friends that thought they were smart enought to do their own financial planning and they have pretty much wiped out their savings and are back working full time at crappy jobs just to make ends meet. [/QUOTE]
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UPS Retirement Topics
Drawing a monthly check from your 401k.
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