The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Cashing out Pension to IRA?||Date: 12/30/2003 2:45 PM|
|Author: cliff666||Number: 38307 of 81362|
I have a pension plan from an old employer and I'm wondering if I should keep it in place (Wachovia) or should I cash it out and invest those funds in an IRA (traditional).
I'm 52 and hope to retire at 65.
Please let me know what I should be considering here...
Personally, when I have had that situation, I have rolled the funds over to an IRA. Only exception is one which offers Fidelity Funds, and I like Contrafund and Low Priced Stock Fund.
If you are happy with the performance of your Wachovia, keep it. O/W, roll it over and manage it yourself.
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|