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URL:  http://boards.fool.com/very-basic-question-about-iras-11909069.aspx

Subject:  Very basic question about IRA's Date:  2/1/2000  2:54 PM
Author:  kaylap Number:  18566 of 76421

This text is from All About IRA's:

"An Individual Retirement Account is a personal retirement savings plan available to everyone under age 70 1/2 who receives taxable compensation during the year."

I'm not employed, so I can't open an IRA - right?

What about a rollover IRA?

I have about 5k in a pension plan with a former employer. They wrote me and asked me to either cash out my plan or roll it over into my own IRA. What can I do?

Thank,

Kayla
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