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The time now is 10/27/08 - 13:14

Need advice on transferring old pension!


RealCool.BIZ Forum Index -> Finance -> Retirement Planning & Pensions

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denny
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Joined: 27 Mar 2006
Posts: 6



PostPosted: 05/06/08 - 04:11    Post subject: Reply with quote

I have had a pension that is more like shackles around my arms and legs, than a one way ticket to retirement cruises and stuff like that. As this does not fit in with my idea of a nice future I am considering transferring this old pension to one with a better outlook - and perhaps lower monthly contributions. Could you give me any advice please?
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byrom
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Joined: 18 Jun 2006
Posts: 5



PostPosted: 06/04/08 - 21:59    Post subject: Reply with quote

Many old pensions have "aged" a bit and could do with a shot of botox or two! Especially the ones that were sold before 2001 tend to be a bit of a burden. If you want to transfer over though, make sure you take your time and look into all the various options you do and don't have. Take your time - this is a big decision!
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