{ 3 comments… read them below or add one }

Clark Kent November 4, 2010 at 5:52 am

You should move the money out of the 403B plan into a Rollover IRA with a bank or a broker. (or a mutual fund).

ontopofoldsmokie November 4, 2010 at 6:27 am

It was probably in your best interest to move a 403b account to a individual IRA. The reason is that you have a very, very small number of mutual funds to choose from with a 403b plan. If you roll over that balance to a individual IRA you will have tons of plans to choose from. You want to choose a IRA mutual fund with a good 5-10 year track history. If the mutual fund it’s in now is earning 8-12 % each year and has been for 5 or more years then you could just keep it there if you wanted.

enoriverbend November 4, 2010 at 6:52 am

If it’s a 403b, are you with TIAA/CREF or someone else?

If it’s not TIAA/CREF, you are almost certainly better off doing a rollover IRA for the money. Your choices will be much better. In addition, sometimes your old organization will screw up the records or fold, making you work hard to recover from their failure.

If it’s TIAA/CREF, you may want to leave the money as-is. They have interesting choices, some not available elsewhere, and a wide variety of choices. Plus they will not screw up your records. But then, if you were with TIAA/CREF your old organization probably wouldn’t have encouraged you to rollover the funds…

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