Comments on: Your retirement rollover decision could save you thousands http://blogs.reuters.com/reuters-wealth/2011/10/14/your-retirement-rollover-decision-could-save-you-thousands/ Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Wassup http://blogs.reuters.com/reuters-wealth/2011/10/14/your-retirement-rollover-decision-could-save-you-thousands/comment-page-1/#comment-8468 Sun, 16 Oct 2011 04:40:27 +0000 http://blogs.reuters.com/reuters-money/?p=20932#comment-8468 When I got booted for being 55 years of age and too old 10.5 years ago, I took a look at my 401K. Like you, I had diversified and had the benefit of the max company match on my endeavors. I then learned of the 72T option. It allowed me to take my complete 401K from the company to an IRA at a brokerage, the money never touching my hands. I then continued to make $60 to $80K in the market for three years. Now at 65 I find myself with 80% of my transferred wealth, no debt, no mortgage and a lot of dividend/interest paying pieces in my IRA averaging 6.5 to 9.0% yearly. My withdrawels are matched by my dividend paying investments making my IRA perpetual as long as they aren’t recalled.

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By: Greenspan2 http://blogs.reuters.com/reuters-wealth/2011/10/14/your-retirement-rollover-decision-could-save-you-thousands/comment-page-1/#comment-8448 Sat, 15 Oct 2011 14:43:55 +0000 http://blogs.reuters.com/reuters-money/?p=20932#comment-8448 401K rollovers can also be a way for someone to lose both their shirt and retirement fund.

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