Rumor circulating about people getting letters about their pension and how bac wants to be done with managing it since it’s been frozen for quite some time. Anyone know anything?
5 replies (most recent on top)
You can also take the $ out spend it on strippers but that would not be good investment advice.
Lots of fun tho.
Hmm i may just take my own advice.
😂😂😂
You can also take as a lump sum cash now and pay the taxes. Take a vacation.
Ofcourse the previous post assumes you decided to take charge of your life, found a better job (almost impossible not to) and told &bank-of-america go f-- yourself.
I still find it incredible to believe &bank-of-america wants you to hold positions for 31 days before you are able to trade the same position.
Rolling to a 401k is not optimal.
You are better opening a rollover ira with TDA. Request option writing (i believe that's the name). It allows you to buy any stock, mutual funds, etfs, options, even crypto if you feel like gambling.
They cannot get rid of your pension. Contributions were ended years ago when they went to annual contribution to your 401K. Request a rollover of your Pension to your 401K. That is what I did and it was quick and easy.