IRA Rollover

Archive for June, 2010

Question: If I leave the company I’m at, can I take my pension with me?

My company is putting 3% every payday into a pension plan, and i’m 100% vested. If I ever leave the company, am I able to roll that money over to something like a rollover IRA or do I have to leave it in their pension plan until I retire? I’m always worried what could happen if they collapsed some day after I quit working for them, especially since I worked at Enron once.

Answer: you have to ask where you work, many companies will not release your funds ever but will pay you when you retire. some don’t want your money after you move on, so just ask where you work…

Sunny Day Real Estate – Pillars “Live”