neecie
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 13 Feb 2006
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| Combining 403b ?? |
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I am recently laid off with 5 different mutual/annuities should I consider combining them for max potential? ( CitiStreet 100% SSGA Money Market, 100% Maxim Money Market Portfolio thru Great West, Mass Mutual Tax Quallifed Ira, Travelers life and Annuity, and Geat American Annuity ). If so , how and with who?
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Mon Feb 13, 2006 3:53 pm |
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Jaszbo
Preferred Member
Cash: $ 35.90
Posts: 177
Joined: 03 Jan 2006
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let me see if I'm answering this correctly, you were laid off and you want to do something with the money as in invest it somewhere else or withdraw money?
I would convert your 403b into a tradtional IRA and I would not use one fund, but multiple funds. I would not put a portion of my portfolio in a moneymarket what so ever. The only people who should even consider this are those that are already in retirement.
If you want advice of where to go I would look at vanguard, fidelity, T. Rowe Price and go with a discount broker. I would use multiple funds and not just one fund, but if you are lost and feel people are taking advantage of you, becuase of lack of knowledge I would go with a life cycle fund. Vanguard has a good one with all index funds and T. Rowe price has another good one that's a bunch of manged funds. The asset allocation with T. Rowe Price I think is better than vanguards, but I'm not a fan of managed funds. I'm not happy with Fidelities life cycle funds personally.
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Mon Feb 13, 2006 6:37 pm |
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