Richard (Caller)

No, no, no.

I'm talking about when I take the lump sum from my 401k.

You're going to open one.

Oh, okay.

And I open up an IRA, which I wouldn't touch at 59 and a half.

Right, which is what he told me that.

He told me that.

No, it's not.

Okay, but as far as you know, there wouldn't be any federal, no IRS penalty doing this route.

Okay, and what about a 72T?

I mean, just something I read on my own that you have to take a set amount out every year for at least five years, you know, based on your age and how much you have saved.

and that you have to do it for at least five years.

If not, then you'll be penalized if you were to stop or wanted more money or what have you.

Good afternoon, Dave and Ken.

I've been a long-time listener since 2012, and I've tried several different times.

Yesterday was one of those.

I ran short of second in line and had 8% on my phone, and I had to get back with Austin and say I couldn't make the phone call.

So I look forward to today.

I'm glad it worked out.

We got rid of Ken, though.