Ep. 172 - Should You Rollover Your $1 Million Pension Into an IRA? (Ask the CFP®)

The Good Financial Cents Show w/ Jeff Rose, CFP®

Вміст надано Jeff Rose. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Jeff Rose або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

2+ y ago 19:25

MP3•Головна епізоду

What if you were faced with this difficult decision - You can either get a payout for the rest of your life or you can get a big fat check once?

Don’t worry, you don’t have to make this decision alone, that is what I am here for!

I received this question from a reader, Jared:

‘I have worked with my company for over 27 years this Spring. I am one of the lucky ones that have been given a very generous pension and a 401k plan.’ …. ‘My pension should be more than enough to take care of my wife and I. I am almost 60 and I have the option to roll my pension over into an IRA.’

‘Should I roll my pension to an IRA or leave as is?’

04:28 IRA rollover options

06:54 Annuitizing your pension

08:01 Borrowing against an IRA

09:08 Pension payout options

10:51 Tax Liability

12:49 Working with a professional

Resources:

Pension Benefit Guaranty Corporation: https://www.pbgc.gov/

CFP Board: https://www.cfp.net/

https://wealthhackerlabs.com/ask/

Check out my YouTube channel here.

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