Pension
Hi Terry… I am 62 years old and am not planning on retiring soon. I have approx $90,000 coming from a pension. Should I leave it alone or withdraw it and roll it into something else?
Terry Says
Don’t WITHDRAW it. But you could do a tax-free rollover.
Read this: Rollover Now – Terry Savage
The rollover should be done directly, as noted in this column, to avoid any tax issues. You can invest it conservatively — perhaps in an equity-income fund, and half in a government securities money market fund. Let it keep growing as long as possible. And try to wait as long as possible — to age 70 — to take SS.
