The Good Financial Cents Show w/ Jeff Rose, CFP®

What if you were faced with this difficult decision - You can either get a payout for the rest of your life or you can get a big fat check once?


Don’t worry, you don’t have to make this decision alone, that is what I am here for!


I received this question from a reader, Jared:


‘I have worked with my company for over 27 years this Spring. I am one of the lucky ones that have been given a very generous pension and a 401k plan.’ …. ‘My pension should be more than enough to take care of my wife and I.  I am almost 60 and I have the option to roll my pension over into an IRA.’


‘Should I roll my pension to an IRA or leave as is?’


04:28 IRA rollover options

06:54 Annuitizing your pension

08:01 Borrowing against an IRA

09:08 Pension payout options

10:51 Tax Liability 

12:49 Working with a professional



Pension Benefit Guaranty Corporation:

CFP Board:


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Direct download: Episode172.mp3
Category:general -- posted at: 1:38pm CDT