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Boating Talk For discussion of everything related to boats and motors

 
 
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  #11  
Old 08-13-2012, 03:55 PM
Gerald Gerald is offline
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Join Date: May 2009
Location: Lake Charles / Moss Bluff
Posts: 4,648
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Quote:
Originally Posted by PUREBAY2200 View Post
i hope u have a plan as to how ur gonna pull money from a qualified plan at age 55.....59 1/2 is the law.
or maybe u got that much non-qualified retirement money set aside.....

only one way to avoid the 59 1/2 rule....... and im not tellin how. yes its legal, but ya gotta qualify and do it correctly.
It has been a while, but I think you can take out $ 10,000 from a 401K without a penalty.
 

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