Pension spousal benefits when there is no spouse
Is it best to leave the lump sum in IMRF since they’re rock solid fund and will give me $131 per month for life or take the $16,000 minus taxes and reinvest it myself
Terry Says
There’s a third choice, I presume. You could do a direct rollover to an IRA — even at a bank, and keep the money growing tax-deferred until you take it out. You would have to start taking it out at age 73.
