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Investing/Strategies / Retirement Investing
|Subject: Re: Rollover OUT of Roth, INTO State Pension Pla||Date: 9/20/2012 10:21 AM|
|Author: JLC||Number: 70929 of 82794|
My wife and I are both public teachers in CA, in our mid-40's and decided that our Roth IRA funds would be better invested by purchasing service credit toward our CA State Teacher's Retirement system plan.
I would be careful about putting all or almost all of my eggs in one basket. Especially since both of you work for the same employer.
Right now, what I read about CA is that it has massive budgetary problems. I wouldn't be so sure that in 10-15 years CA retirement pensions aren't cut. Who is to say that CA doesn't file for bankruptcy or defaults? Everything gets cut 20-40%? Who knows?
I would be looking to see if you can get a lump sum payment at retirement. But thats just me. I'd rather have my money in my grubby little hands as opposed to someone elses.
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