Pension. rollover or monthly payments
Hi Terry,
I just retired at 77 yrs old. Should I take my pension benefit as a monthly payment or roll over into an IRA? I have a 401K which Pershing LLC is investing and I will add my pension to that account if I roll it over. Thanks
Terry Says
Wait, you have a lot of different things. Why do you still have an old 40l(k)? Did you do an IRA rollover and give it to Pershing to manage? What are you paying for that service??
Second, you need to understand the alternataives being offered — the amount of hte monthly payment vs the total amount you could roll over. And someone who isn’t trying to sell you something, should review your retirement income needs and risk profile before making this decision.
Please click on this link, and watch the video about the Wealthramp matching service for a fee-only FIDUCIARY advisor, who you can trust. This is the ONLY way I can be sure you will be in good hands, not someone trying to sell you something.
Please do it and write back and let me know how you and your advisor decided to proceed.
