Comments on: Can we use IRA funds to buy back pension for city government? http://www.talkaboutretirement.net/personal-finance/can-we-use-ira-funds-to-buy-back-pension-for-city-government/ Issues concerns retirement and retired living Sat, 11 Feb 2012 20:37:24 +0000 http://wordpress.org/?v=2.6.3 By: jlf http://www.talkaboutretirement.net/personal-finance/can-we-use-ira-funds-to-buy-back-pension-for-city-government/#comment-1177 jlf Wed, 10 Mar 2010 06:59:13 +0000 http://www.talkaboutretirement.net/personal-finance/can-we-use-ira-funds-to-buy-back-pension-for-city-government/#comment-1177 <a href="http://kansieo.com">pension</a> No. It would be an early withdrawal with all the tax/penalty that is entailed. You can transfer an IRA from one custodian to another, but not into a defined benefit plan like a government pension. pension

No. It would be an early withdrawal with all the tax/penalty that is entailed. You can transfer an IRA from one custodian to another, but not into a defined benefit plan like a government pension.

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