Can you transfer pension to IRA account?

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1043401

2026-03-16 07:35

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Yes, you can transfer a pension to an Individual Retirement Account (IRA) through a process known as a rollover. This typically involves moving funds from a qualified pension plan, like a 401(k) or a traditional pension plan, into an IRA without incurring taxes or penalties, provided you follow IRS guidelines. It's important to consult with a financial advisor to understand the implications and ensure the transfer is done correctly.

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