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Howdy, present & future retirees,

My husband has a 403(B) with VALIC that started with a university position he took in 1988. He left that job ten years later for an overseas position, so contributions to the plan stopped in August 98.

We're no longer in the same hemisphere as our old VALIC rep, and are waiting for requested documentation. In the meantime, anybody here know what fees & restrictions we would face now if we were to roll this puppy over into an IRA? I seem to remember VALIC charges some percentage penalty based on account age or last date of contribution ... ?

Also, his rep talked us into "supplementing" the 403B with additional withholding from his paycheck because he wasn't "maximizing" his "allowed contribution." At the time, we understood that this additional $$ was to be in the same mode as the 403(B), but darned if he hadn't sold us a separate little annuity! (Be careful what you sign...) We've no idea what to do with this now--let it be? cash it out? It'll be weird, after we've rolled over the 403(B), to still have this little VALIC account out in the world (it's about $3,500 now).

Any experienced souls out there with information or advice?

kse4


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