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Author: mastevens Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75828  
Subject: Re: Fool4 Periodic Investing - How? Date: 6/26/1997 10:00 AM
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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)?
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