Financial Advisors

Maybe a dumb question but if someone vests in a pension are they still able to rollover a lump sum into an IRA? Or is it too late? Have a client who keeps blowing me off to get documentation...CONT

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If he separates from service he should be able to roll it into an IRA. First make sure you accurately run a projection on the income it would produce if he let it sat and took it at retirement, but if it’s a small amount it’ll most likely be better to invest it in an Ira. Also make sure that if you roll it over you have them sign something saying that they don’t intend to return to work within the pension system. Is it a public pension? Edit: this isn’t a dumb question :)

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Someone didn’t read the above comments, but we agree! :)

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I keep asking for to review his options bc he thinks the pension is the only option. Maybe it is but I don’t have enough experience with old school pensions to know whether to keep asking so we can review his options. It’s a very small amount but I like to be very thorough and want to make sure we talk about it if he has more than one option

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