No. of Recommendations: 0
TMF Pixie wrote:

>As you know, those can only be invested in an annuity
>or mutual funds.

I do now! I wasn't paying much attention to this stuff until recently.

>Any discount broker and your old benefits
>administrator can guide you through this process.

One would think so. In fact, I've called two local full-fee brokers to ask about this and gotten exactly nowhere. Perhaps I shouldn't even have bothered with them and gone straight to the discounters.

>However, because this account is now an IRA, you can
>only contribute up to $2K per year... your best bet
>is let your monthly deposits sit in your broker's
>money market account until you reach your annual
>trading date for your first FF portfolio.

Bummer. I'd been hoping to save around $1,500 a month. Should I assume my best bet is to go ahead and roll the 403(b) into an IRA and continue annual $2,000 deposits but set up a new account as well (which will not be tax deferred)?
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
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.