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Investing/Strategies / Retirement Investing   Subject:  Re:
Pension Payment From a Bought Out Co. Date:  7/28/2001  6:55 PM
Author:  phooley Number:  31048 of 74536  My mother-in-law
recently received a letter from her former employer stating that
she would receive a lump sum payment of $x from this employer's
pension. The x is not something you can retire on. In fact she's
stated that she really can't retire...she plans on working as
long as she can. Technically, she'll retire in 5 years.  I just
starting looking into this for her. From what I've read so far,
the idea of moving this lump sum to an IRA sounds like the best
option. I was wondering what I advise other Fools might have.
Any thoughts?  Based on the information you have given, I don't
think there is much question: deposting the check in an IRA
would be the thing to do. I assume the former employers' pension
plan would be classified as a "qualified retirement plan."
Quoting from IRS Publication 575