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Recently retired from job after 30 years at age 52. My pension is not available until age 55 at earliest unless I take cash option, which is currently $94,000 and at 55 could have $960 a month. Value of lump sum is refigured for following year in Oct. Can decide on lump sum anytime prior to starting a monthly payout.
I also have a TDA (403B) worth $80,000 invested in a Hartford Life Insurance Company general fund (currently increases $1000/quarterly). This account is through my previous employer and it can stay as is, funds can be transfered from the general fund to 15 other accounts available through Hartford, transfered to any funds availble through Charles Schwab, or I could roll the money to an IRA or ?.
Please help me think this out.
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