papadad111
Thinks s/he gets paid by the post
- Joined
- Oct 4, 2007
- Messages
- 1,135
OK, I just saw the 'prior employer' so I didn't put that together.
But like others have offered - each plan can have its own twists, so the new manager (Fidelity or anyone else) might need to do quite a bit of digging to find an answer. I guess it isn't as simple as it sounds.
-ERD50
Thanks. Yep. I guess It's complex.
Maybe there is a laymans guide in plain English - needed with some hypothetical examples.
The genesis of my question to fido is whether to hurry up and take lump sum today and roll it to 401k etc before interest rates rise because I am told the lump sum amount will decline with a rate hike. . I want to understand why that would happen and sensitivity analysis to that change in interest rates.
I want to maximize the lump sum as I think I can do better self directing this money for the next 3-4 decades versus keeping in a low return pension. (Annuity).