No. of Recommendations: 0
I will be eligible for a nice pension early next year.
I can opt for monthly paments for life, but then,I cannot touch the principal. I have been advised to take the lump-sum and roll
it over into an IRA, and try to invest the money foolishly myself.
Would you recommend a regular or a Roth IRA for this?


You should think about how long you may live. Are you in good health now? Come from a long lived family? Have some medical condition that will shorten you life? If you don't live long then the IRA would be available to your surviors, I belive your pension would terminate.

How have you done investing in the past? It's not so easy to get good returns. What would you have to make in the IRA every year to match the pension payout?

Regarding the IRA to Roth, If your going to be in a higher tax bracket AFTER you retire then it would make sense. If your going to be in a lower one it dosen't.
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