Retirement planning – unknown pension received.
I was notified I had a small pension ($5,000) that is available since I turned 65. I have to either roll it over to a 401K or take it as a lump sum (my tax bracket is currently 22%). Do you recommend rolling it over to my work 401K, put it in an IRA or Roth IRA? Thank you.
Terry Says
I recommend rolling it into a traditional IRA. Read this:
https://www.terrysavage.com/rollover-now/
Congratulations!
