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Author: peppermintpatty Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Re: 403B Fixed Annuity Date: 4/20/2000 10:27 PM
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casperdog -

You said: "I have been in a 403B fixed annuity since 1986." "I would like to roll it over to some other type of investment." "Any suggestions?"

Yup! (1) Pay back the loan. Either do it with other available funds, of make partial withdrawals (after retirement) to repay the loan. You may pay it off as aggressively as you wish, allowing for the taxable income generated with TSA withdrawals. (2) Make a partial rollover to an IRA of your choice. Even using a mutual fund family (or two of three) will allow more investment opportunity for these monies that you don't need right away, right? (3) Avoid surrender fees (I hate 'em) by determining the maximum amount that can be withdrawn/transferred without penalty, and then don't exceed that amount!

Just my 2¢!

Congratulations on your retirement, PP

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