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Investing/Strategies / Retirement Investing
|Subject: Re: Cashing out Pension to IRA?||Date: 12/30/2003 2:45 PM|
|Author: cliff666||Number: 38307 of 77108|
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.
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