I need help!!!!!!!!! In the upcoming weeks I have to make a decision to roll my 403B over into am guessing an IRA. I have never had to do this. When I left my previous job because the 401K was less than $1,000 I took it and paid bills. NEVER AGAIN. I am a few years wiser and I know better now.
This much I know:
You have to roll it over into an IRA.
I need advice as to what other people have done. What company did you use? Vanguard pops up a lot so far.
The process good or bad? It is going to take a few weeks for me to figure things out because investing and choosing investments is not my thing. I started my 403B to get the company match. Do not ask me what funds or whatever because am near clueless on that. This is about to change!
Subscribe to:
Post Comments (Atom)
6 comments:
i've noticed that vanguard pops up a lot, too. i don't have anything to roll over but i am looking for an IRA to start. let us know how the process goes (i might learn something!)
I have TD Ameritrade for my Roth IRA. Very good company and good customer service.
Vanguard is where my 401k resides.
I rolled a 401k over into an IRA at Vanguard. Vanguard calls these "Rollover IRAs", simple enough. The process went fine, I just made sure to put "Vanguard for the benefit of My Name" down on the from from HR specifying who should get the check.
It's actually a fairly simple process. When I first rolled mine over years ago, I went to WAMU because they were my bank and I wanted it somewhere easy until I figured out what to do with it. Then I just filled out a couple forms indicating that it was a Rollover from "X" company, directly into WAMU, and submitted the paperwork.
Make sure you find out the laws on doing this in reguards to time and penalties. If I recall you have 60 days to complete this process or else you'll be hit with penalties. Please don't procrastinate and make sure you research about the laws. Good Luck
I rolled my 403b from my old employer into a an IRA through Mutual of America (I couldn't remember the name of the company) which is the same one that my 403b with my current employer is through. I just did that for convenience. I pretty much picked my funds randomly, keeping mind that I'm young and can take risks, supposedly.
Post a Comment