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I have a small amount of money($3,000) with Lincoln Life as part of 403(b). I quit my job and am not planning on going back to work for a long time. I don't believe that I had much appreciation since the account was opened less than a year ago. Do you suggest that I leave the account with Lincoln Life paying some fee or roll it over to an IRA account with a lower fee mutual fund like Vanguard.
Thank you for any help you might provide.
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sujeong1 -

You asked: "I have a small amount of money($3,000) with Lincoln Life as part of 403(b). I quit my job and am not planning on going back to work for a long time. I don't believe that I had much appreciation since the account was opened less than a year ago. Do you suggest that I leave the account with Lincoln Life paying some fee or roll it over to an IRA account with a lower fee mutual fund like Vanguard. Thank you for any help you might provide."

If you don't plan to return to the school/non-profit at which you started the 403b plan, I suggest a direct rollover to a good IRA might be useful.

Good luck, PP
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Greetings, Sujeong1, and welcome. You wrote:

<<I have a small amount of money($3,000) with Lincoln Life as part of 403(b). I quit my job and am not planning on going back to work for a long time. I don't believe that I had much appreciation since the account was opened less than a year ago. Do you suggest that I leave the account with Lincoln Life paying some fee or roll it over to an IRA account with a lower fee mutual fund like Vanguard.>>

I won't offer any advice, just a question. If you could put it into an IRA earning more for less cost, then why would you want to leave it in the plan?

Regards..Pixy
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