Recently changed my job from the public sector to the private sector. If I leave my pension in the public pension system, the online calculator estimates at the age of 65, I would be paid $581 monthly (pre-tax). The $581 monthly payment would be eligible for a yearly cost of living adjustment. The other option would be to roll it over to 401k or IRA.
Are there any merits to keeping that money in the pension? In a way, it is a guaranteed $581 but on the downside, it does not match the future value of investing that 47k in the market.
About 30 years until retirement (my timeline).
Submitted September 22, 2023 at 10:27PM by Minions89 https://ift.tt/ezDkIg5
