The company I work for recently sold. Now I have to make a decision on what to do with my Pension. A few questions for anyone in the know:
1 - If I take the lump sum out, what fees aside from state and federal taxes am I hit with? Im 33, so well before retirement age.
2 - Anyone have similar experience and/or solid recommendations on how to best handle $$ in this type of situation?
TIA! Google was not providing me much clarity.
*FYI, i know option 1 goes against the book, but trying to better understand how much it would end up being. My wife and I have 5 other retirement funds, so still planning for the future.
1 - If I take the lump sum out, what fees aside from state and federal taxes am I hit with? Im 33, so well before retirement age.
2 - Anyone have similar experience and/or solid recommendations on how to best handle $$ in this type of situation?
TIA! Google was not providing me much clarity.
*FYI, i know option 1 goes against the book, but trying to better understand how much it would end up being. My wife and I have 5 other retirement funds, so still planning for the future.
