a pot of money

[lizzyhermit]

employer is terminating the frozen company retirement fund and offering lump sum for rollover, cash or annuity.

what do you experts think about the viabilty of the options?

 

[MJawsman]

I'm no expert, but I'd expect the cash option to be one big tax! Maybe look at something other than the Dow if you plan on retirement soon.

 

[me4osu]

Do a "like kind rollover"

Have your employer write the check to your investment broker (FBO Your Name), and mail the check to your house. Then you can take it there and invest it how you want.



I use Fidelity. They have a WIDE range of funds and a little office close to where I work. If you are close to retirement age just throw the money into a bond fund or something else that is low-risk.

 

[dresslered]

I'd go along with what me4osu says. I use both Fidelity and Schwab and you'll set it up as a "rollover IRA. " Depending on your age and whether or not you can afford the tax, you might also want to consider converting it to a Roth. Might be great market timing!