I have a cash balance plan from residency that I'm trying to figure out what to do with. I'm three years out of fellowship and I have paid off my student loans (>$300k). I finally have a net worth in the black so I'm trying to figure out the best route to take with this cash balance pension plan. The amount in the plan currently is just over $12k
I max out my 401k + PSP through my group's retirement plan.
I fully fund a backdoor Roth IRA for my wife and me every year.
I fully fund and invest in an HSA.
And now that I have student loans paid off I am also ready to pay down more of our mortgage and put some retirement money in a taxable account.
Shall I keep the CBP in place ( its currently earning ~ 2.5% ) or is it best to roll this over to a different account?
I max out my 401k + PSP through my group's retirement plan.
I fully fund a backdoor Roth IRA for my wife and me every year.
I fully fund and invest in an HSA.
And now that I have student loans paid off I am also ready to pay down more of our mortgage and put some retirement money in a taxable account.
Shall I keep the CBP in place ( its currently earning ~ 2.5% ) or is it best to roll this over to a different account?
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