DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Need some opinions, I was just notified that I have a vested pension benefit

**Michael-jeckson2** · 07-07-2012, 06:18 AM

General, I wouldn't rush to make a decision. It couldn't hurt to roll it into an IRA for the time being, and think on it. With the IRA, you have more control than you do over a pension. It's easy to withdraw from an IRA if you need to, and take the tax and penalty hit. Mouse is right, you get hit with a 10% penalty, and also the taxes.

My advise is to roll it into the IRA for now. Being diversified is good, we don't know the immediate future.

07-07-2012, 06:18 AM	#25
Michael-jeckson2 Join Date Nov 2005 Posts 534 Senior Member	General, I wouldn't rush to make a decision. It couldn't hurt to roll it into an IRA for the time being, and think on it. With the IRA, you have more control than you do over a pension. It's easy to withdraw from an IRA if you need to, and take the tax and penalty hit. Mouse is right, you get hit with a 10% penalty, and also the taxes. My advise is to roll it into the IRA for now. Being diversified is good, we don't know the immediate future.
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