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To: Arrow Hd. who wrote (5118)	5/4/1999 7:01:00 PM
From: Jules B. Garfunkel	Read Replies (2) \| Respond to of 8218

Arrow, Your, "If the 55/30 retiree takes the lump sum and rolls it into a 401K or IRA then they protect the principle from taxation but cant draw on it until 59 1/2 without incurring a penalty." I don't think tax penalties, for early withdrawal, have to be assessed in all cases. I believe, by setting up a schedule for a fixed amount per year, you can begin withdrawing money out of a retirement plan, 5 or more years, prior to 59 1/2. However, I am not a CPA, so I advise you to consult a professional accountant for an expert definative answer. Regards, Jules OT PS-- Did you see my post yesterday on the IDTC thread relative to why the company may have delayed their expected announcement of a spin off of Net2Phone? Message 9294020 Of course I meant Media One's potential buy out, not Comcast. PSS--PCCG @ 5 9/16....Do you recommend that I buy it Now?