Hi all.
I'm 40 years old. I have an old pension at a health insurance company that's present value is 10K. At age 65 they will provide me with a monthly payment amount of $300 per month with no cost of living adjustments. This pension is at an health insurance Premera Blue Cross based in Washington State. I can't start to draw until 65 so that's 25 years away and I'm not very optimistic that this company will even be around in 25 years with all the possible changes to our health care system.
Any advice? Should I go ahead and roll it over into a IRA? $300 a month in the future isn't that much anyway. Thanks in advance!
I'm 40 years old. I have an old pension at a health insurance company that's present value is 10K. At age 65 they will provide me with a monthly payment amount of $300 per month with no cost of living adjustments. This pension is at an health insurance Premera Blue Cross based in Washington State. I can't start to draw until 65 so that's 25 years away and I'm not very optimistic that this company will even be around in 25 years with all the possible changes to our health care system.
Any advice? Should I go ahead and roll it over into a IRA? $300 a month in the future isn't that much anyway. Thanks in advance!