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Ask an Advisor: I'm About to Retire. Should I Transfer My Pension and 401(k) to an IRA?

SmartAsset
Summary
Nutrition label

77% Informative

When retiring with a pension, you’ll typically have a choice between taking a lump sum or choosing one of a few monthly payment options.

Transferring your 401(k) into an IRA lets you continue to benefit from tax-deferred growth and proactively manage your taxes.

Your age and whether or not your plan allows for penalty-free withdrawals at 55 .

Photo credit: iStock.com/Halfpoint, iStock.com/Tom Merton The post Ask an Advisor: What Should I Do With My Retirement Accounts When I Retire? appeared first on SmartAsset Blog ..

VR Score

68

Informative language

60

Neutral language

72

Article tone

informal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

External references

18

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