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Page General » Brothers Of The Shield
Archived [ARCHIVED THREAD] - Question for guys who lateraled
Posted: 4/10/2021 5:59:43 PM EDT
I’m going over to another agency that doesn’t use the same retirement. Is there any benefit to leaving my old one frozen or should I try to roll it over to my new agency’s retirement?

I’m also thinking of just rolling it over into a traditional IRA and then starting my new one on its own.

Any one have insight here?

Link Posted: 4/10/2021 9:34:26 PM EDT
[#1]
Unless you can roll it into the new one AND they match it any, I would start a separate IRA.

Link Posted: 4/10/2021 11:00:23 PM EDT
[#2]
I couldn't roll my county retirement into my city retirement when I changed jobs.  I left it put and it still continues to gain interest.  If I had pulled it out I would have had to paid about 40% in taxes.

Link Posted: 4/11/2021 10:51:34 PM EDT
[#3]
That might be a better question to ask in the business and investing forum.  I've worked for two agencies and my retirement is basically a privately run but statewide retirement system so mine transferred from my first agency to my second agency.

Archived [ARCHIVED THREAD] - Question for guys who lateraled
Page General » Brothers Of The Shield
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