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Subject:  Re: Pension from prior employer Date:  7/14/2001  11:09 PM
Author:  MDGrabhorn Number:  30748 of 88052

Nancy103 writes...

>>I have approximately $17,000 in an employee pension plan from an employer I left one year ago. I am 100% vested. I am now self employed and don't know what my options are regarding these funds. Can I withdraw them and hold them in my own IRA?<<

Just a thought, but you referred to the $17,000 as a pension plan. Is this plan a pension plan, 401k, profit sharing, or money purchase?

Unless it is a 401k or a profit sharing, you may NOT be able to access these funds currently. The Plan has simply told you the value of your vested benefit.

Make sure before you waste a lot of your time.

Good luck to you.

MDGrabhorn, CFP
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