Pension
I have a pension in the amount of 6600 with a company I previously worked for. Can you tell me what type of ira should I roll my pension over into. Or should I roll over into another type of investment. I know it’s not much. I thought about just pulling it down wasn’t sure how the market was going. Can you please give me some type of direction or tell me what you think is best for me.
Terry Says
Wait — is that a lump sum? Did they offer you a monthly amount for life??
If your only choice is a lump sum, DO NOT TAKE A CHECK. Instead contact Fidelity or Vanguard and have THEM do a direct rollover.
For starters just put it in a money market fund, where it won’t grow, but will be safe. Then please write back.
