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Author: kaylap Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76106  
Subject: Very basic question about IRA's Date: 2/1/2000 2:54 PM
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This text is from All About IRA's:

"An Individual Retirement Account is a personal retirement savings plan available to everyone under age 70 1/2 who receives taxable compensation during the year."

I'm not employed, so I can't open an IRA - right?

What about a rollover IRA?

I have about 5k in a pension plan with a former employer. They wrote me and asked me to either cash out my plan or roll it over into my own IRA. What can I do?

Thank,

Kayla
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