Skip to main content
No. of Recommendations: 0
I am in the process of leaving a government job for private industry. I do not want to leave my retirement ($20,000+) with the state because there is very little growth. What/How should I convert these funds to better my financial standing at retirement. I'm 35.
Print the post Back To Top
No. of Recommendations: 0
Greetings, Lovey64, and welcome. You wrote:

<<I am in the process of leaving a government job for private industry. I do not want to leave my retirement ($20,000+) with the state because there is very little growth. What/How should I convert these funds to better my financial standing at retirement. I'm 35. >>

If you have a qualified retirement plan, most likely you may take your vested interest and transfer it to an IRA. Your benefits administrator will tell you what your options are on your termination of employment. If you can transfer the money, then you may transfer it to what's called a self-directed IRA at a broker of your choice. That would enable you to invest the money yourself in whatever vehicle you choose.

Regards..Pixy
Print the post Back To Top