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URL:  http://boards.fool.com/help-nav-on-cashout-15014745.aspx

Subject:  HELP - NAV on Cashout Date:  5/21/2001  10:58 PM
Author:  hdudefxwg Number:  29825 of 78165

Going Foolish and moving my retirement ( 403-b ) accounts into a self direct brokerage account. I rolled two annunities into an IRA. I got the run around for a couple of weeks. On Wednesday May 16th I faxed a requested letter, stating that I had left my previous employment, which they required before allowing the withdrawel to proceed. I called back the representative after close of the market that day, and he said that he received the fax, and that they would proceed to surrender the funds. He noted to me as well that the market had done real great that day. (depending on the index 2 to 5 percent.)

OK Today I got the confirmation statements for the two accounts The fixed account confirmation showed the transaction date of (wed) 05/16/01 Trans# R397313. The variable account confirmation showed the transaction date of (tue) 05/15/01 Trans# R397312. It is obvious to me , especially by the sequence of the transaction number, that they back dated the variable account one day and thus I lost out on the apprecation for the market that day.

NAV is alway based on the value at the end of the day that a buy/sell