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Shannon

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  1. Shannon

    403(b) help!

    Thank you, ElLaFave!! Will do!
  2. Shannon

    403(b) help!

    Hi Sorry for the late reply! So this morning I cleared some things up. My 403(b) account is set with Vanguard and will begin to contribute next month. My ROTH IRA with Vanguard is set up and will contribute $500 a month. Both are set to the default target retirement "2045" (they choose for me). My Vanguard 403( b) will accept my 457 to rollover. I just cleared up with Voya, that I can keep the account but I would have to begin to make the minimum withdrawals by IRS when my dad becomes 70.5 on the account. He was the original account/employee of City of La. Therefore, I am going to rollover into my 403(b) or Vanguard says I can put into a Traditional IRA with them. Thoughts?
  3. Shannon

    Seeking Financial Input 403 (b)/457/Roth

    @EdLaFaveThank you so much for taking the time to reply with this wealth of information! It is so helpful! I am still learning!! Ok, I am taking all this in. I will see where I can get with the district 457...!! Fingers crossed!
  4. Shannon

    Seeking Financial Input 403 (b)/457/Roth

    @EdLaFaveI appreciate you responding and your links. I have checked them all out. Thank you.. I call Voya which has my 457 and they said it could be rolled over to my 403 b if VG accepts it. If not, she said I would have to create a traditional IRA for the 457 money because it already has been taxed. I also inquired about withdraws. With this account (457 inherited City of LA) I would be penalized if I made withdrawals... Would it be best to put into a traditional IRA or in my 403 b (assuming VG accepts)?@edlafav@krow36@tony BTW-You guys are super smart!!!
  5. Shannon

    403(b) help!

    @krow36 I have not made any withdraws from this account. They told me in 5 years I have to start withdrawing (when my dad is 70.5). I inherited the account in 2011after my mom's passing, which was her account (spilt accounts after divorce). My dad is still alive and he was the City of LA employee who the account was through. I don't have a link, it was info I was told by the account representative. Hopefully this make a little more sense?
  6. Shannon

    Seeking Financial Input 403 (b)/457/Roth

    @tony I will do the Target Fund! I am hands-off! Thanks for the input. @tonyand Krow36--Yes, the $30,000 is with the City of LA (previous employer) that I have to dissolve in 5 years. I can work to get a low cost vendor, which I have some time. But if Temple City doesn't, then roll it into VG 403b or the expensive 457's that are offered to me?
  7. Shannon

    403(b) help!

    @krow36Hi Krow. Yes, the Pension2 does have a 457, but it isn't available to us. I had a rep from there get in contact with my district to no avail. The problem with my "old 457" is, I have until my dad is 70 years (about 6 years) to roll it over because the account was originally his and he was the employee. My "old 457" is 100% Asset Allocation (Aggressive Portfolio), which I don't have rights to contribute. I will pursue my district to add a lost cost vendor. What would you do if they don't? I do have some time before I have to roll over the 457 account. Thanks!!
  8. Shannon

    Seeking Financial Input 403 (b)/457/Roth

    @EdLaFaveI will do that...I just opened the Vanguard ROTH IRA today and waiting for my account to be processed. Is there an "index" of some sort so they can choose for me? I wouldn't even know how to choose the funds?! Should I roll over my $30,000 from the old 457 into the ROTH or 403b? Do you have any thoughts on that? Thanks for all your insight with my posts-it has been very helpful!!
  9. Shannon

    403(b) help!

    @krow36 I now see what you are saying about the 457...Are you familiar with Roth IRA's?
  10. Good Morning, I would like any input in the best way to invest my $!! I am an educator and just opened a 403 (b) with Vanguard that I will start contributing starting next month. Come to find out my school district does offer a few 457 which I have attached. I was planning on getting Roth account with Vanguard as well? At this point, I have roughly $2,000 to invest a month. How would you allocate? In addition, I have an account (457) that I inherited with the City of LA (Voya is the record keeper) that has about $30,000 in it. I need to roll those fund over to my own account. Should I roll over into the 403b? Open a 457 (in addition to my 403b)? Roll to a Roth? Any input would be greatly appreciated. All this is very new to me! Trying to learn and figure all this out! Did I mention that I AM NOT a Math teacher! ~Shannon
  11. Shannon

    403(b) help!

    @krow36Thanks so much for the input!! Will do!
  12. Shannon

    403(b) help!

    @sschulloHi Steve. I am at Temple City Unified. Thanks for the input about Vanguard. I will go with that!
  13. Shannon

    403(b) help!

    @EdLaFaveI will do that! Thanks for your time!
  14. Shannon

    403(b) help!

    @tonyThe input is much appreciated! Thank you
  15. Shannon

    403(b) help!

    @tonyYeah, it makes it stressful for the everyday person!
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