pension
My company is requiring a employees to cash in their pension. I am 64 and not yet in a position to retire. Wondering what is best type of account to roll funds into.
Terry Says
There’s a big difference between “cashing in” and rolling over! And I’m quite sure that your company will be facilitating direct rollovers into an IRA.
Read this column for instructions on how to keep the money growing tax-deferred for your retirement. Do NOT cash it in, which will result in taxes — and loss of the opportunity to continue growing it tax-deferred.
