The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Pension from prior employer||Date: 7/14/2001 11:09 PM|
|Author: MDGrabhorn||Number: 30748 of 75796|
>>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.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|