Should I roll my pension into an IRA?

You can take the pension payout over your lifetime, cash it out as a  lump sum payout, or you can roll over your pension into an IRA.

What is a Pension?

A pension is a retirement savings plan that is typically offered by an  employer. Pensions are tax-deferred.

A defined benefit plan is a pension that pays you a set amount of money  in retirement, based on your years of service and salary.

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What is a Defined Benefit Plan?

What is a Defined Contribution Plan?

A defined-contribution plan is a pension that allows you to contribute a  set amount of money into the pension, typically through payroll deductions.

A pension rollover is when you take the money from your pension and roll it over into an IRA.

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What is a Pension Rollover?


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