Pension
Hi Terry, I am going to be 63 this Spring. I have $105k (lump sum payout at 65) in a pension plan.
I want to wait as long as possible before drawing on this plan. Should I roll it into another investment or leave it in the pension account?
Terry Says
That depends on the terms of your pension plan. Ask your employer about your choices. In most cases, I’d advise doing a direct rollover. Read this: https://www.terrysavage.com/rollover-now/
