Pension rollover
A retiree has deferred his pension until age 70, and now has to begin taking his pension. His choices are 1) the standard variety of monthly lifetime payment options (5, 10yr certain, spousal continuation); or, 2) take a lump-sum representing the sum total of his what his monthly payments would have been if started taking them at age 65, as well as a reduced monthly lifetime payment going forward (with the same variety of payment options).
If he chooses option 2, is the lump sum eligible to be rolled into his IRA?
Permalink Submitted by Alan - IRA critic on Wed, 2019-02-20 16:01
Yes, a direct rollover to an IRA can be done, however there may be an RMD due that would be paid directly to retiree and such RMD amount cannot be rolled over.