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Subject:  Pension Payment From a Bought Out Co. Date:  7/28/2001  4:39 PM
Author:  shunk99 Number:  31046 of 88418

My mother-in-law recently received a letter from her former employer stating that she would receive a lump sum payment of $x from this employer's pension. The x is not something you can retire on. In fact she's stated that she really can't retire...she plans on working as long as she can. Technically, she'll retire in 5 years.

I just starting looking into this for her. From what I've read so far, the idea of moving this lump sum to an IRA sounds like the best option. I was wondering what I advise other Fools might have. Any thoughts?
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