Should I rollover my pension into a 401k?

Answer by  Candace (159)

I don't think that is a good idea because to get the money out when you need it you need it you have to meat one of the requirement for emergence withdrawal. I tried to take out money from my 401k and they told me I had to do a form and send info to back it up.

Answer by  AEF (519)

In most cases you should rollover older plans into a 401(k) plan if that option is available to you. The biggest plus is that you'll have all of your retirement funds in one place. You should to speak to a professional financial advisor who can look into your specific situation.

Answer by  souixan (23)

If you want to rollover into an IRA I recommend a Roth assuming you want to go with high yield investments. No tax on interest that way.

Answer by  myo (12)

My answer is no. Generally the return on it is too low for my liking. You should consider investing it overseas government bonds which pays very good returns over the years. If you can take investment risks, you can consider stocks. If you don't have any expertise and want to diversify the risk, mutual funds are the way to go.

Answer by  Darkephoenix (1789)

That depends of whether or not you're comfortable with what your pension is currently doing for you financially. If you're comfortable and happy with whatever its in, i. e. savings, CDs, etc, don't worry about it. See a financial adviser if you aren't sure what you want to do.