No. of Recommendations: 0
Hi, I am about to recieve a lump sum pension payout
from a previous employer. I'm 51 yrs.old. I wont
need it for about 10 - 15 yrs. It seems to me that I
wouldn't go wrong by throwing it all into the RP4
and forgetting about it other than the annual
balancing. Right? Can I roll this directly into an IRA
inwhich I deligate those FFour stocks without paying
any taxes? I'm scared. I'm talking about 33k. Any
suggestions from the pro's? Should I start it now in
march or april?

Pick the broker or mutual fund family you want to go with. Tell them what you want to do and set the account up now. Have your company transfer the money directly to the new company as an IRA rollover. (Direct transfer eliminates tax problems, no taxes). Tell the new company that you want the money to go into a money market account when received. You can then transfer money out into your new investments.

Are you scared about taxes? There will be none due when you roll over. If you are scared about investing you might want to do a little more homework until you feel better about investing. You have the right idea about sticking with the market, but make sure you can take the down turns.

Depending on your other assets, your diversification may not be adaquate with the PR4.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.