AboutDavid M Iannopollo Expertise I am a professional financial advisor who can assist you with answers on mutual funds, annuities, IRA's, rollovers, qualified and non-qualified retirement plans, retirement planning, educational planning, life, disability and LTC insurances.
Experience I have over 20 years experience in the business and financial world.
Question My mother is 65 and drawing part of her SS. Which SS take Medicare payments from. She plans to retire in 2010 and has a pension from her job. If she rolls her pension into a IRA will she incurr any taxes?
Answer Hi Marilyn,
Sorry I couldn't get to your question sooner but I have been ill the last couple of days.
If she has a lump sum pension, she can rollover to an IRA with no current tax liability. She will be taxed when she starts taking withdrawals. Hope this helps!
