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About GregZ626735

GregZ626735
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Retirement

Re: 401k to IRA for disbursement

thanks.  from your info i suspect that some of this is dependent on my 401k.  They have said that I can roll-over any amount or all of money to an IRA as many times a year I want until there is nothing left in the 401k. That said.  I want to roll-ove...
GregZ626735 09-22-2021 12:00 PM
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Retirement

Re: 401k to IRA for disbursement

No.  I will be 62 in Feb.  Again, my goal is, over the life of my retirement, to regularly move money from my 401k, to a qualified IRA and take disbursements from the IRS to avoid the mandatory 20% withholding.  I think this is doable but am i restri...
GregZ626735 09-22-2021 09:25 AM
1
Reply
0
Kudos
2574
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Retirement

401k to IRA for disbursement

All, I really am chaffing at the prospect of having a 20% mandatory withholding for taxes when I begin taking 401k disbursements next year after I retire.  I have no problem paying my taxes but my effective tax rate in retirement will be about 11.5% ...
GregZ626735 09-22-2021 08:43 AM
3
Replies
0
Kudos
2608
Views

Retirement

Re: 401k to IRA for disbursement

thanks.  from your info i suspect that some of this is dependent on my 401k.  They have said that I can roll-over any amount or all of money to an IRA as many times a year I want until there is nothing left in the 401k. That said.  I want to roll-ove...
GregZ626735 09-22-2021 12:00 PM
1
Reply
0
Kudos
2531
Views

Retirement

Re: 401k to IRA for disbursement

No.  I will be 62 in Feb.  Again, my goal is, over the life of my retirement, to regularly move money from my 401k, to a qualified IRA and take disbursements from the IRS to avoid the mandatory 20% withholding.  I think this is doable but am i restri...
GregZ626735 09-22-2021 09:25 AM
1
Reply
0
Kudos
2574
Views

Retirement

401k to IRA for disbursement

All, I really am chaffing at the prospect of having a 20% mandatory withholding for taxes when I begin taking 401k disbursements next year after I retire.  I have no problem paying my taxes but my effective tax rate in retirement will be about 11.5% ...
GregZ626735 09-22-2021 08:43 AM
3
Replies
0
Kudos
2608
Views

Retirement

Re: 401k to IRA for disbursement

thanks.  from your info i suspect that some of this is dependent on my 401k.  They have said that I can roll-over any amount or all of money to an IRA as many times a year I want until there is nothing left in the 401k. That said.  I want to roll-ove...
GregZ626735 09-22-2021 12:00 PM
1
Reply
0
Kudos
2531
Views

Retirement

Re: 401k to IRA for disbursement

No.  I will be 62 in Feb.  Again, my goal is, over the life of my retirement, to regularly move money from my 401k, to a qualified IRA and take disbursements from the IRS to avoid the mandatory 20% withholding.  I think this is doable but am i restri...
GregZ626735 09-22-2021 09:25 AM
1
Reply
0
Kudos
2574
Views

Retirement

401k to IRA for disbursement

All, I really am chaffing at the prospect of having a 20% mandatory withholding for taxes when I begin taking 401k disbursements next year after I retire.  I have no problem paying my taxes but my effective tax rate in retirement will be about 11.5% ...
GregZ626735 09-22-2021 08:43 AM
3
Replies
0
Kudos
2608
Views
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Date Registered ‎09-22-2021 11:22 AM
Last Visited ‎05-15-2023 03:44 PM
Total Messages Posted 3
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