u/EarthWabbaJabba

As title says - lets hear what we should

ETA: I should have put my expenses and how much I am expecting to use from SEPP

2 years of severance and I dont need to use SEPP

But wanted to take SEPP of 400K and move that to ROTH for first 2 years... then when severance runs out - start utilizing the SEPP, ~24.5K should be enough for expenses - if need will create another SEPP for needed amount - draw it for 5 yrs per IRS rules. Total 401k+IRA today is 900K.

Cant use rule of 55 as my company 401k doesnt allow it.

Also have foreign assets that I am planning to sell and use it for travel or bring it over here (almost 250K)

Expenses are around $3800 per month including mortgage, two SEPPs after 2 years for 600k will get enough money for expenses...

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This Morning I got the pink slip with severance and an offer to move to another team.

Frankly speaking I want to stop working though I know I am relying heavily on the market returns, the passion to work is long gone.

1 year Severance after taxes will give us more than 2 years worth of expenses..

Low mortgage - lower than a single bed room apt with 1.8% and 10 years left on it.

Kids education is funded 60% (NYU Stein and State Uni for another 1 year for older).

Expenses are lower - relying on ACA for sure...

Taking SEPP for next 5 years (I am 54+) , I can delay the SEPP for a year if market downturn starts next year... Or take the SEPP and put it in ETF for the day I need to use.

IF I move to the other team - I might be kept on working for another 2+ years and I already hate the idea of working and 2 years means I have quit if they dont lay me off and I lose a hefty severance (12 months).

One min I feel like I should take the next me says I should continue another 2 years .. cant really decide...

Fire folks give me some idea on what you would do in my shoes...