I ( 57/F) retired after 34 years with the same company due to the company being bought out. I left with a mid 6 figure pension and a low 6 figure 401k which i rolled over into an IRA. I began a monthly withdrawal thru the 72T process. (With that I have to take monthly withdrawals for 5 yrs or until I'm 59-1/2 whichever is longest - in my case, the 5 yr option.) I now want to withdraw some more money to buy a house and then when my current house sells, put the money back but my financial adviser is telling me that due to my current withdrawal via the 72T, I can't withdraw any more money ever until that is over. I just want to verify if he is telling me the truth. I know he makes money off the amount I have, so to lower that would cut into his profits. It makes me mad that money that I worked 34 years for is being held hostage and I can't use any of it other than what the government allots. 2nd opinion on my options?
Submitted January 28, 2019 at 05:04PM by greenmagnolia6 http://bit.ly/2TkPQdI
