Imrf pension savings
They want to offer me a annuity when I retire on my savings with them should I cash out or take annuity they are offering
Terry Says
It depends on the amount they will offer you. You need to compare. Go to www.immediateannuities.com to see what they are offering on the amount of the lump sum you receive. YOu’ll have to input your age and state of residence.
I think the better idea is to do a rollover –directly to an IRA, if this is allowed from your pension fund.
Read this: https://www.terrysavage.com/rollover-now/
Then you can choose a conservative mutual fund and a money market fund to give you a bit of growth over the years.
