Rollover
I’m getting a pension from Illinois municipal retirement fund. I also did a volunteer contribution to a savings account where I have $80,000 in I’m wondering if I should take a $600 monthly income from that or take a rollover and where should I put it?
Terry Says
Read this about rollovers: https://www.terrysavage.com/rollover-now/
Is your “savings account” a pre-tax retirement account? If so, you’d want to do a rollover to keep it growing tax-deferred.
You need to find out the tax consequences of withdrawals from that account.
I think you need a Fee-Only FIDUCIARY advisor to look at the big picture for you — beyond just investments.
Read this: https://www.terrysavage.com/pam-krueger-wealthramp/
It’s the only way I know you can be connected to an advisor you can trust!
