Re: Remember the special advantage of 401(k) over IRA - Saab General Bulletin Board - Saabnet.com
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My 401(k) plan description says I can't withdraw funds w/o penalty until I'm 59-1/2, just like with an IRA, so check your info on that.
Also, you said you took your pension as a lump sum -- what multiple of your annual pension amount was the lump sum? 10x? 20x? Less? Just wondering, though that is not currently being offered as an option at my employer. Thx.
->Posting last edited on Mon, 6 Jan 2014 08:22:30.
Posts in this Thread:
- OT: Feasibility of 401(k) accounts as sole pension source, MI-Roger , Sat, 4 Jan 2014 17:02:44
- Started Late.... Real Estate..., Mike Lynch , Tue, 7 Jan 2014 10:56:41
- Found my error and ran other scenarios, MI-Roger , Sun, 5 Jan 2014 09:02:17
- Deja vu?, andym, Sun, 5 Jan 2014 06:33:13
- Re: OT: Dismal failure of 401(k) accounts as sole pension source, Tom G , Sun, 5 Jan 2014 03:08:35
- Re: OT: Dismal failure of 401(k) accounts as sole pension source, eric, Sat, 4 Jan 2014 20:46:50
- Re: OT: Dismal failure of 401(k) accounts as sole pension source, Name Left Blank, Sat, 4 Jan 2014 17:28:37
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