lee f
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Save it, and get another job. Something, part time. You are part of a plan to help fellow humans, somehow. Listen to your inner voice, it's the Universe, which has a purpose for us all. If you can, give some of your savings, (5%) to a sibling or family member (it may be a friend, even a foe), the one in need. You know who!
God bless us all... |
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Ralfcoder
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Save it.
Put it into another pension plan, or roll it forward to the plan at the new job if possible. DON'T TAKE IT AND SPEND IT. People do this and say, "I'll replace the money soon", but they never do. These are the ones who are scraping by at retirement, or have to work well beyond the normal retirement years to have any money.
Put the money to work for you... |
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foxyfaerie
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Transfer it into the pension plan at your new job. |
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NAQ
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I took mine out, but perhaps you should save it. There is talk of a recession so I would be sure that your pension plan is not in danger. |
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MindRevolution
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Do your research and Invest in something worthwhile and talk to a financial planner and looks into GIC's RRSP's Mutual Funds also look into stocks and bonds. Dont just take any risks with the money take calculated risks. |
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Debinha
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save it |
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kirk_absalonson
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Reinvest it when the economy restabilizes |
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MS. D
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save it |
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medicmarvel1
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if you can roll it over to your new job, do that, no penalty and you won't have to worry about starting a new one, if you can't, invest it, speak to a investment specialist to see what the best option is for your area. |
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Amy M
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It would be Best to save it.
If you are ever stuck for money it is always there as a security. |
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Stuck in the middle of nowhere
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I would save it. |
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Geodal
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If you live to an old age, and don't wish to work all your life, some day you will want that money. Is this in a tax deferred plan? If so if you take it out now you will have to pay the tax and may owe penalties. If you cannot or do not desire to leave it in the current plan you may want to have it transferred to an IRA. If you have the new IRA arrange the transfer you will not have to pay any taxes now. |
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Shhh!
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invest it if you can contact a financial advisor... if its too small to invest or save then spend wisely!! have a fun retirement!!:) |
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AnnaBelle
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You can easily roll it over to a mutual fund company, and if it was a tax-deferred plan (probably was), it will still be tax deferred. Most every mutual fund company can do this. I like Vanguard because every money manager I know puts his/her money there. They have great client service and they have a relatively low fee structure, because they are huge. Good for you for not spending it! |
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Edward B
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Save it!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! |
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♣
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Roll it into and IRA ..
Here is some more useful info:
You can transfer IRA funds from one financial institution to another and continue postponing the tax and you can even transfer distributions from a qualified retirement plan into an IRA and delay the tax. You don't, however, get a deduction for the contribution to the IRA.
To be tax and penalty free the transfer must be completed in 60 days or less. And you are allowed only one switch in any 12 months. There are some other points to consider, like don't mix rollover funds with funds in a nonrollover IRA. Also, special rules apply to a rollover from a traditional IRA to the new Roth IRA. |
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I invented the internet.
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take us to vegas baby!! |
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