No. of Recommendations: 0
Bobbcat writes:

<<I am a newly retired teacher with 60K that I must rollover from my pension fund into an IRA.>>

There are many valid reasons to rollover your funds into an IRA, and I would recommend doing so.

But why "must" you? ???? Pixy ????

I'm not sure about not-for-profit or governmental plans, but I know you can't be forced out of a 401k plan if you have more than a $5,000 vested balance.

They are any number of reasons a distribution may be required from 401k/403b plans on normal retirement. The plan specs may dictate it. Or perhaps the retiree has attained age 70 1/2. Generally, though, those younger than age 59 1/2 with over $5K in the plan cannot be forced to remove those funds from that plan until they attain normal retirement age under that plan.

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