Ok so here is the deal.
My company is laying off 10k people... for my years in service if i leave jan 1, i will get a lump sum of round 400k... i can leave that in the fidelity pension plan and be guaranteed a min of 5% or i can transfer that out to an IRA etc... if left in i wouldnt have to do anything until the RMD date, which is a damn long way away lol.
im 48, so i couldnt touch it without paying the penalty for atleast 11 years.... So its got time to grow... Everything in me tells me to take it and roll it to an IRA with vanguard or fidelity and make alot more than 5% possibly, but unsure if there is something im missing in all this. I do fear that if i change my mind later, the company could take away my rights to get a lump sum and we all know life changes alot and expecially lately lol
can you guys help me out here with thoughts... Its a whirlwind deal and trying to sort it out in the next two days, as for my expression of interest must be signed within the next two days....
Thanks
Tex