Transfer cash option to an IRA

Questions & AnswersCategory: Other QuestionsTransfer cash option to an IRA
markhaworth asked 4 weeks ago

Can I transfer my cash benefits in teacher retirement to an IRA and then recieve my full SS benefit and my husbands survivor benefit fro SS?

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1 Answers
Devin Carroll answered 3 weeks ago

Howdy,

It’s possible. It may not make sense…but under certain circumstances it could be a great move.

Recently, I wrote an article that covered this in depth. You can find it at Social Security and Lump Sum Pensions: What Public Servants Need to Know.

If you have further questions after reading this, please don’t hesitate to let me know.