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Author: kajmeister Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25251  
Subject: 401K conversion to Pension Fund Date: 7/3/2000 6:09 PM
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I've looked over the board and can't find this question anywhere--if it's been answered already, some one please point in the right direction.

My company at the end of a merger is merging two benefits system, and as part of that process is allowing us on a one-time basis to convert our current 401K balances over to Pension Fund balances. We will be allowed to invest those Pension Fund balances in the same funds. They will no longer be allowing loans against the 401K but will be allowing loans against the Pension Fund, so there is some reason for me to keep my options more flexible by doing this transfer.

Other than the earnings potential and the loan capability, what are the tax implications? beneficiary implications? limitations of my doing this? Where can I go to find out--I have until August 2nd to decide.

I personally won't be retiring for another 20 years or so, and project that some of these balances will be substantial that I probably will be leaving something to children/grandhchildren, therefore don't want to make a mistake now with bad consequences later.

Any suggestions? Thanks.
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