UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: alancornett One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75888  
Subject: Need 403(b) advice! Date: 2/12/1999 11:44 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Here's my situation. Last year I had my financial advisor set up a 403(b) for the church where I am a minister. Unlike with larger institutions, the 403(b) is "mine" in the sense that the church treasurer has no problem doing with it what I want. Anyway, in the process of becoming Foolish, I discovered that I'm in deferred load Putnam funds (5%) with 2.5%-3.5% total operating fees! So I want to get my 403(b) money out of there and into probably index funds. My financial advisor will be no help (you may look at his response to me about that in the Mutual Funds board under "A Message From My Financial Advisor"--it's worth a look for the shock value of it!) so I'm going to have to do this myself (which is good & Foolish, of course). When I do this it will end my relationship with him but that's okay.

How easy is it to transfer a 403(b) and where do you good folks recommend I look? Thanks for the help!
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
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.
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 "#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