I retired from my job with funds in a 457 and a 401K. I rolled all the funds into a rollover IRA at Schwab.
I'm currently 58 years old. I'd like to take some money out, but I'm not sure of the penalties. The 457, if it still existed would have none as I am retired. But now that the funds are in the same rollover as the 401K, does that mean that taking anything out would result in taxes and penalties owed? I suspect the answer is, "yup", but I'm not 100% sure.
When I asked Schwab I got the non answer of consult my tax professional. Mine is TurboTax so I figured I'd ask here.
Thanks for any help
Submitted May 05, 2017 at 08:06PM by LegalBeagleThrowAway http://ift.tt/2p65LBC
