7/20 My old 401k from my old employer offers about 12 plans whereas my
403b (I work in the government now) offers maybe 40 plans. I like
my 403b plans a lot better and think maybe I will rollover. Is this
a good/bad idea? Is it typical for 403b to offer more choices
than 401k? Any advice would be appreciated, thanks!
\_ How much do you trust the Government and the Banks to provide for
your retirement? As a government employee, I have decided my
level of trust: I do not buy into any official plan, save 2/3 of
my after tax income to cash, and spend it on supplies for the
comming apocalypse. Maybe you should take a look at who's calling
the shots with the U.S.'s money and consider doing the same.
\_ I'm not sure about that, but I do know that 403b plans are not
allowed to match employee contributions the way most 401k plans
do. This sucks. That said, my 403b plan offers 100s of
investment plan options, although it used to only offer 10 or
so.
\_ matching vs. not really doesn't matter now that OP has a 403b
job as far as rolling in is concerned. to the OP: taxes are
hard. get a professional. it'll cost you $200 at most and may
save you many tens of thousands.
\_ wow, so if we say some engineer is making $100K/year, that
$200 service may save at least $20K for that year?
or are you talking about dual-engineer-income?
\_ Not pp, but making a mistake on rolling over a
retirement can cost you a LOT of money on penalties.
Since op is asking for financial advice on motd,
there's a good chance op doesn't know about all the
possible pitfalls.
\_ Why would you rollover into the 403b? Roll over into an IRA
and then you'll have even *more* choices.
\_ 2nd that suggestion |
http://csua.com/feed/