I am new to this site, have worked my way through most of the topics, and am duly impressed with the collective wisdom. I would appreciate any comment on the following situation:
I am recently retired with the majority of my retirement funds in a 457b govt. with the Hartford. One plus is that they currently offer 4% in their fixed income fund. The downside is that there is no brokerage option, so I am limited to various mutual funds. At present, these can be "traded" to a degree, because I can move in and out online - provided I don't exceed 20 moves a year - and provided I can be content with these "trades" being effective only at the close of a market day. For my purposes, I would rather be able to trade my 457 funds out of a brokerage account - my target here would be ETF's more than individual stocks.
I have checked with Hartford, and it seems I can do a direct rollover from the 457 to my existing traditional IRA brokerage account. I have no thoughts about withdrawing prior to 59.5, so that is not an issue. The brokerage tells me that once the rollover is done, the 457 $$ simply merge with the existing IRA balance with no other consequences.
Since this is a "once it's done, it's done" deal, I want to make sure I'm not missing anything - either legal, tax, financial or otherwise. I'd appreciate any thoughts.