Hi,
I am looking for some insight about what to do with non-vested pension funds. I have about 25-30k of funds in two separate public pension systems - I'm not vested in either, meaning the money sits there and belongs to me but I won't actually draw a pension benefit.
About half of the funds are in a system that accumulates 7.25% interest annually; the other are in a system that accumulates about 6% interest annually. I don't have to withdraw these funds (and if I did, it would be to roll them over into an IRA). If I leave them there they will grow at a slow-ish, but guaranteed, rate. I already have a pretty healthy IRA balance thanks to diligent 457 investing over a decade starting in my mid-20's (i subsequently rolled the funds over to Vanguard to take advantage of lower fees).
So, my question is whether to leave the funds in the pension systems as a sort of hedge against market volatility or to roll them over into my other retirement account. Thanks!
I am looking for some insight about what to do with non-vested pension funds. I have about 25-30k of funds in two separate public pension systems - I'm not vested in either, meaning the money sits there and belongs to me but I won't actually draw a pension benefit.
About half of the funds are in a system that accumulates 7.25% interest annually; the other are in a system that accumulates about 6% interest annually. I don't have to withdraw these funds (and if I did, it would be to roll them over into an IRA). If I leave them there they will grow at a slow-ish, but guaranteed, rate. I already have a pretty healthy IRA balance thanks to diligent 457 investing over a decade starting in my mid-20's (i subsequently rolled the funds over to Vanguard to take advantage of lower fees).
So, my question is whether to leave the funds in the pension systems as a sort of hedge against market volatility or to roll them over into my other retirement account. Thanks!
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