Don't be troubled. Keep the pension invested and you will come out ahead of a 3.25% mortgage. You should always consider what else you can do with the money. You can convert it to another product like an an IRA if you are not comfortable leaving it at your old company. Keeping it invested is best for the long term..

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Posted by Free888

Member since Oct 2019

1678 posts

Posted on 10/20/23 at 8:05 am to KWL85

I moved mine to an IRA. Reason was the CBP formula was paying a lower interest rate on the balance. Moving it to an IRA allowed me more flexibility around locking in long terms rates. If I had kept it in the CBP, it would have paid about 2.5% this year.

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Posted by AUTimbo

Member since Sep 2011

2881 posts

Posted on 10/20/23 at 8:40 am to KWL85

Once again thanks to all of you with your views. Pretty easy to see, judging by your comments, I was pushing myself to do the wrong move from nothing but fear of the unknown (future).

Coincidently my wife and I attended a retirement seminar last night to get even more info. Obviously looks like it's not a bad choice to get a professional fiduciary to help us get out financial portfolio better aligned with our vision of retirement.
Upside of attending was realizing how woefully unprepared I am in my knowledge of all things financially connected to retirement while enjoying a delicious elk tenderloin on their dollar. ;)

Thanks again to the board for helping out in this confusing area of non-expertise.

Any thoughts on fixing Auburn's pathetic passing game....since you fellas are on a roll? LOL

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