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To: LemonHead who wrote (7323)	4/22/1999 12:31:00 PM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18928

Hi Keith, I know zilch about 401K's and how they work. Most likely it can be rolled into a self-directed IRA, however. The age question is something to ask a tax person as far as if the income will be taxable. The gross and net question of taxes needs to be answered before you can refine a plan. How does she feel about setting aside $$$ from that $1,000/month for taxes? Best regards, Tom

To: LemonHead who wrote (7323)	4/23/1999 4:25:00 AM
From: Gary	Read Replies (1) \| Respond to of 18928

Keith The 401K account can be rolled into an IRA. You should try to do a transfer between the 401K custodian and the mutual fund directly to avoid the necessity of withholding taxes. There would be no taxation until monies are withdrawn. You may want to consider converting some of the monies to a Roth IRA and paying some tax currently as your wife is only 55 years old and if in good health has a thirty year life expectancy. The Roth account withdrawals are not subject to taxation at any time and with a long enough time span will probably result in an overall savings, especially if some of the monies are invested for current income. This is a complicated area and you should consult your tax advisor. Good luck, Gary

To: LemonHead who wrote (7323)	4/29/1999 8:43:00 AM
From: Floyd Stern	Respond to of 18928

Hi Lemonhead, I am old to this BB (maybe Tom can tell me how may years ago it was; could it be 6 years? I am not certain) but have not been here lately. I know you have discovered some great people here. I maybe be missing some of the 401(k)discussion, but it is possible and smart to roll over the 401(k) plan into a self directed IRA both before and after age 59 1/2 if you do not want to touch the principal. Of course, if you are still working for the company that established the 401(k) plan, you need to keep it there. Unless one's estate is large, if you are retired it usually (not always) makes sense to live off your personal/individual assets first--these are all after tax dollars, and let the assets in the retirement plan/401(k) plan grow tax sheltered. Having just jumped into this BB, I am not certain if this is old news to you. If so, I apologize. Give me your feedback. Floyd Stern Lakeland, FL