What kind of pension? A fixed-payment pension where you get a set amount each month for the rest of your life? Or is it the type where they make automatic contributions to a 401k account? If it's a 401k account, then moving it into Traditional IRA wouldn't really be a huge difference. Look to see what the average returns are and what the maintenance fees are for each account and see where you'll make the most money. A lot of large companies negotiate much lower fees than what you'd be able to get on your own. It seems like most people combine their retirement accounts out of convenience more than for an investment advantage.

Leave it in your pension plan. You will thank yourself for doing so when you retire. Depending on your age, you can always start another IRA and make contributions that will add up quickly for an additional source of income when you retire. Pensions are becoming a thing of the past.

MeganHarsche: 9 months ago

I left the company in 2005. So is it still better to leave my pension alone or roll it over to an IRA?

Report as You have reported this

• Spam
• Offensive
• Threatening
• Off-topic
• Nonsense
• Spelling/Grammar
• Community Standards
• Offensive Username

LoriLee92: 9 months ago

I left mine where it is, the same thing happened to me. I can now rely on that money when I retire. I am also going to start a 401k, so I can have a couple of incomes coming in when it makes the most difference...when you are too old to go out and work so hard to earn it. Social Security isn't much but what my point is is that you can have 2 or 3 checks coming in a month after retirement to ensure you won't wind up homeless or hungry.

Report as You have reported this

• Spam
• Offensive
• Threatening
• Off-topic
• Nonsense
• Spelling/Grammar
• Community Standards
• Offensive Username

Add a comment...

Add a comment...

Submit Comment

According to Boston's Financial Research Corp, it is better to leave your money in a pension plant that to roll it over to the IRA. This is because of several advantages for instance lower investment expenses.

It depends on the interest rate you can earn. If you have a 401(k) invested in mutual funds, it will probably earn more than an IRA. If it is a company pension plan, ask what interest rate is being applied and then compare to rates being advertised by financial companies for their IRAs.