I just found out I am fully vested in the pension plan for a company used to work for over 4 years ago. I didn't even know I had a pension. I called to find out how much it was worth and currently its at over 8K!
So do I take it out (20% penatly and 10% IRS penalty) or just leave it and let it grow?
If I take it out, do I pay credit card bills leaving only 2k on a small interest card which I can pay that off within a few months and be credit card debt free!
Or do I take it out and invest in a Roth IRA?
Any other suggestions....What is best to do in the long run?