The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/403b-10573733.aspx

Subject:  403b Date:  2/3/1999  6:53 PM
Author:  JOPICASO Number:  8326 of 75890

Very eager to save money my first yaer as a teacher , I started a tax deffered annuity. After 1.5 years i decided to buy a home. All my cash was tied up in this shelter, so against better judgement, I broke it and used the money for the closing. I paid 20% fine to the irs and another 10% for a penility. I was only allowed to take the principal out, so the interest 1,500 is still growing and reinvesting and buying more shares of the 4 funds i have allocated. I have a chance to start the 403b again this march. My question to the wise is should i stay with the same vendor (fidelity) or start another one with a better company? Also sould I leave the money with fidelity and forget about it and wait until i;m 59. any projections as to how much money that would be worth then, I'm 32 now. Thanks again for ALL the advice. jofool
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us