I HAVE A TSA W/JACKSON NATIONAL LIFE THAT I NO LONGERFUND SINCE RETURNS QUARTERLY ARE ALMOST NONEXISTENT.I WANT TO KNOW IF I CAN ROLL OUT OF THAT TSA FUNDAND MOVE INTO AN IRA FUND WITHOUT PAYING MAJOR FEES?I HAVE TRANSFERRED MONEY FROM IRA MUTUAL FUNDS TOSELF DIRECTED STOCK IRA BUT NOT SURE ABOUT THIS TSA?ANY INFO WOULD BE HELPFULSINCERELY,JOHN KEARNS
[[I HAVE A TSA W/JACKSON NATIONAL LIFE THAT I NO LONGER FUND SINCE RETURNS QUARTERLY ARE ALMOST NONEXISTENT. I WANT TO KNOW IF I CAN ROLL OUT OF THAT TSA FUND AND MOVE INTO AN IRA FUND WITHOUT PAYING MAJOR FEES?]]Most likely not, unless you leave your current employment. If you remove your 403b funds, you'll pay taxes and penalties on that distribution, regardless of what you do with the funds.But you may have other options for your investments in your 403b plan. Check with your TSA administrator for additional choices.[[ I HAVE TRANSFERRED MONEY FROM IRA MUTUAL FUNDS TO SELF DIRECTED STOCK IRA BUT NOT SURE ABOUT THIS TSA?]]Right...because it was in an IRA to begin with. But this is a completely different animal.TMF TaxesRoyWant to learn more about taxes and investing? Then we have a deal for you!! The Motley Fool Investment Tax Guide is now available through Fool Mart. Be the first one on your block to own this masterpiece. It'll help you with your 1998 taxes, and it's never to early to start planning for your 1999 taxes. So just click on this link (http://www.foolmart.com/market/product.asp?pfid=MF+013+I) to read more about this amazing collection of tax information. (Apologies for the shameless plug…but it is a pretty good book…if I do say so myself). In addition, if you would like to visit the Taxes FAQ (Frequently Asked Questions) area, click on http://www.fool.com/school/taxes/taxes.htm and you'll be right at the home page. Check it out. Finally, if you need to get to the IRS web site, click on http://www.irs.ustreas.gov to go directly there.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |