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Does teacher retirement count as an IRA

 
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Does teacher retirement count as an IRA

No, a pension is not an IRA even though they are both retirement account. The name Individual Retirement Account implies that it is something you set up for yourself. You can take the money from the pension plan and roll it over into a Traditional IRA.

Please see the link below for additional differences.

http://finance.zacks.com/difference-between-pension-plans-vs-ira-4048.html