Is a Roth IRA considered a pension plan?
under federal by laws or mandates?
under federal by laws or mandates?
Sivel S
Favorite Answer
No it is not.
An Individual Retirement Arrangement (or IRA) and a Pension Plan are both types of retirement plans, but they are not the same thing.
Pension plans often times can be rolled into an IRA (roth or traditional) once a person leaves the company or retires. Since a pension falls under traditional IRA rules; rolling into a Roth IRA would cause a tax bill the year of the rollover.