403B vs IRA query--strange situation
- From: "MZB" <moo@xxxxxxxxxxxxxxxxx>
- Date: Thu, 24 Apr 2008 12:41:55 -0400
I just got a letter from one of the major vendors (like Janus, Vanguard,
Rowe Price). I have a goodly chunk of my 403B funds are with them. (I am a
retired teacher).
The letter is vague but apparently due to some new IRS regulations, they are
getting out of the 403B business after 12/31.
First: does anyone have any idea what that's all about? I will be calling
the vendor, but maybe someone can lend some insight here.
One if my options is to do a direct rollover to a traditional IRA. I will
probably do that. BUT, do you know what the differences are between
traditional IRAs and 403B in terms of rules? (Otherwise, I can create a 403B
elsewhere and do a direct rollover, but I need to find out what the IRS
rules are that suddenly got this company out of the business --
I am 62 years old and don't intend to withdraw funds for about 5 years.
Mel
.
- Follow-Ups:
- Re: 403B vs IRA query--strange situation
- From: Phil Marti
- Re: 403B vs IRA query--strange situation
- Prev by Date: Re: John McCain - 100% tax-exempt disability pension !
- Next by Date: Interest Exclusion on EE Bonds
- Previous by thread: 1986 Tax Reform Act, not the right kind of simplification
- Next by thread: Re: 403B vs IRA query--strange situation
- Index(es):
Relevant Pages
|
|
