I agree . Did the sameI have a cash balance plan. I am trying to liquidate it and roll it over to an IRA later this year. It is 4 years old.
With all the fees (financial advisor and actuarial) and the limitations of a cash balance plan, I am better off having a Sep ira.
Especially not worth at OP’s age . Will force him to be more conservative than he needs to be.
He is probably better off paying his taxes and investing in taxable account
Statistics: Posted by Jimsad — Sun Jun 23, 2024 5:37 am — Replies 6 — Views 805