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several questions

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Bylut

L1: several questionsi am thinking of retiring early by an annuitized withdrawal of my 401k. you recommend obtaining the services of a CPA experienced in SEPPs. our accountant has never done one. can you recommend someone in the san fernando valley in california?also, can one decide on what amount that one would like to get each year or is that amount determined by how much you have in your 401k?what is the usual turnaround time from the time of application to getting your first disbursement?how does one get a PLR in order to get protection from not having enough funds in the 401k to fund the disbursements (given the market, i am afraid that this will happen)?thanks a lot. i am so glad that i found this site!2002-03-09 12:39, By: lut, IP: [127.0.0.1]
L2: RE: several questionsi am thinking of retiring early by an annuitized withdrawal of my 401k. you recommend obtaining the services of a CPA experienced in SEPPs. our accountant has never done one. can you recommend someone in the san fernando valley in california?Hello lut:I am not in CA, but in CO (close???) & 72t/SEPPs are a major porion of my practice. I am the first to admit that seeing one’s professional up close & in person is often desireable; however, if you are willing to work long distance, I can certainly be of assistance.also, can one decide on what amount that one would like to get each year or is that amount determined by how much you have in your 401k?There are alot of in between possibilities that are driven by a variety of factors: accounts & their balances, interest rate assumptions as well as ages & not the least of which is the method selected.what is the usual turnaround time from the time of application to getting your first disbursement?By application, I as presuming you mean some form or writing to your plan administrator to start withdrawals. This can take anywhere from a couple of days to a couple of months; it all depends on the plan.how does one get a PLR in order to get protection from not having enough funds in the 401k to fund the disbursements (given the market, i am afraid that this will happen)?Technically, this is called premature account exhaustion; e.g. the account ran out of assets before I was 59 1/2. Needless-to-say, not a goo place to be. There are several stratregies available to eliminate or minimize this risk; one of which is a PLR.If you would like to discuss any of this further, please drop me a note at wjstecker@wispertel.net 2002-03-09 15:59, By: TheBadger, IP: [127.0.0.1]

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