Originally Posted by elchivito

I'd start by getting a good, non-commissioned advisor to give you a comparison between available 401K options and your union pension. Compare specifics, maximum contributions, costs and fees, historical performance, who the managers are etc. See which one seems the best. Can you make additional contributions to your pension or is it fixed? Can you opt out? It'll cost you some money but be well worth it to get advice from someone who isn't trying to sell you into a fund.