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I just left a company where I had a 401K plan and am also eligible to take a lump sum immediate distribution on my cash balance pension plan. I am 49 yrs old, so will probably work for another ten years (although currently unemployed), but don't need to touch this money now. I am planning to roll both the 401K and pension distribution into an IRA and manage myself. Any advice on a particular type of IRA which would be better for this purpose (ie- individual, Roth, etc)? Any advice would be appreciated. Thanks
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