UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: bailey7094 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 176  
Subject: FF in a 403(b) ??? Date: 8/10/1999 3:40 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
hvyevy2 says:

In addition, I anticipated buying into the FF with some of the 403(b). Of course, I will pay taxes on all the withdrawals. Comments please.

Greetings hvyevy2,

It's my understanding that only funds are available in a 403(b) by law. Thus, if you want to do the FF bit with your 403(b) funds, you may have pull them out and immediately pay the taxes or roll them over to an IRA. As I stated in and earlier post, I plan to roll the 403(b) funds into an existing SEP IRA at retirement. There's little or no disadvantage as far as I know, and this will allow me to buy and sell equities, FF or otherwise, if I wish. If I still want an Index 500 strategy like I have now with Vanguard's VFINX, I can buy Spiders (SPY). All will be "tax deferred".

By the way, the 71.5 "hav tu" deal was a slip up. Since my birthday is October 16, my "hav tu" withdrawal age works out to just about 71.5 years. You are correct that it is usually closer to 70.5 .

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next


Foolanthropy 2015!
Fistula Foundation: A World of Good!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Simulations Plus

A Shorting Lesson Learned
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.