Question about Walgreens profit sharing plan

[waitforit24]

Does anyone know if once a person retires with Walgreens all the money in the profit sharing plan can be withdrawn at once? Or is there a limit to how much you can take out? I still got quite a ways to go before I retire but it would be nice to know, this isn't something they tell you about when you sign up.

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[pezdispenser]

You can withdraw it all at once but that would not be a good idea if it is a large amount because it will be taxed all at once in progressively higher tax brackets.

 

[waitforit24]

Thanks much appreciated