UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: peppermintpatty Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75335  
Subject: Re: 403B Help, Please Date: 3/16/2000 11:10 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Mike -

403b accounts are limited, by law, to annuities & mutual funds! You may select a variable annuity or a 403b(7) custodial account with a mutual fund family for your retirement plan.

HOWEVER, your employer-sponsored plan may have rules that do not permit you to pick your own vendor... Most likely the employer has picked a vendor to provide retirement savings plans for the employees. Unless you leave the job you'll need to participate in the plan to save via payroll deduction (and get match money).

You MAY be able to make "partial" withdrawals/transfers via Rev. Ruling 90-24, if permitted by your employers plan document. Seek help from a qualified financial advisor on this matter...

Good luck, PP
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Macro Economics

Intel's Broadwell Potential
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement