Quote:
Originally Posted by ah-kay
You all miss the FINANCIAL implication as seen by SRJ.
SRJ is 59.5 years old. That means he can take distribution from IRA, 401K or any Retirement Plan penalty FREE. The penalty for taking distribution before that is 10%. The penalty is only $5K if one takes out $50K per year so it should be no big deal for SRJ since he is so loaded.
There are ways to take distribution WITHOUT penalty. Google it.
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The fact that it went over my financial head shouldn't come as a surprise to anyone.
Now if I were in my mid-50's it had better be on my radar.