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My wife worked for 14 years and contributed to her retirement fund in Texas. She has stopped working and no longer contributes. Today, the value of her retirement fund is $19,000. Of this amount, $14,000 has been sheltered from income taxes. If she were to retire today (age 56 years and 9 months) she would receive a monthly annuity of $256. If she retires at age 65, her monthly annuity will be $474. These numbers will never change.

Question is this:
Should she roll over the tax sheltered amount to an IRA and move the remaining $5000 to a mutual fund, or simply leave the money where it is now and get her monthly retirement annuity at age 65?

Thank you.
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