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buffalo

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  1. buffalo

    403basp

    403bASP is not ready for primetime. Over the past several weeks, I have left three voice messages for them, and sent one email, asking for additional information about my plan's investment options (which are not listed on their website). I have received one phone message back, asking me to please call them at their 800 number. Oh gee, I think I already tried that. Sure, they might be a good option, but not when I can't even get in touch with a representative. Has anybody had success contacting them using an alternate means?
  2. My topic basically says it all. I'm thinking about rolling over assets in a Traditional IRA, into my 457 plan. Assume I roll over $10,000. I know this money is subject to all limitations of IRA accounts (i.e. 10% penalty for withdrawal prior to age 59.5). But what happens to the earnings? Maybe this amount grows to $100,000 30 years from now. Is the entire sum subject to penalty for early withdrawal, or only $10,000 as that's the amount I rolled over? If earnings take on the rules of the 457 account, that would be a pretty big motivation for a rollover. Thanks for your help. Buffalo
  3. I recently moved to a new school district, and I was quick to set up a new 403(b) plan. Unlike my old school district, however, 403(b) deductions take a L-O-N-G time to to post. I orginally thought my September contribution had gotten lost in the mail, and our payroll supervisor didn't seem to care, so I finally called my investment company to learn that... The contribution from my September 30 paycheck posted on.....November 7. The contribution from October 31.....December 6. The contribution from November 30.....Hasn't posted yet. So instead of a contribution getting lost in the mail, I instead find that there's just an enormous delay. I find this obnoxious because my money could be earning interest/dividends/capital gains over these five-week delays. Instead, I assume the school district is earning interest on MY money. Is this legitimate, and is there anything I can do to get things moving? Our payroll supervisor hasn't returned any of the three messages I've left for her over the past several months (I've always just had to show up at her door to get her to respond), so I doubt she'll be of much help. I'd appreciate any tips you could offer. Thanks.
  4. I'm trying to make an investment choice for the Defined Contribution portion of my WA state teachers retirement plan. I've narrowed it down to two options, and I would appreciate your input (even if you think I should go in a totally different direction). My other investments (403b, 457) are mostly indexed, and my overall asset allocation is 80/20 Stocks/Bonds (I'm 26 years old). As all my investements are in tax-deferred accounts, I like to make each portfolio stand for itself (I want each portfolio balanced when viewed individually). Choice 1: Washington State Total Allocation Portfolio U.S. Equity 32.8% Indexed to DJ Wilshire 5000 Non-U.S. Equity 16.3% 60/40 Active/Indexed Fixed Income 26.0% Actively managed Private Equity 14.6% Actively managed, higher risk investments Real Estate 9.3% Actively managed, mostly rental properties Cash 1.0% ANNUAL FEE 0.3730% Choice 2: Long Horizon Fund U.S. Equity 57.8% Indexed to DJ Wilshire 5000 Non-U.S. Equity 22.1% Indexed to MSCI EAFE Fixed Income 20.1% Actively Managed ANNUAL FEE 0.1385% I like both of the above choices because they automatically rebalance. The Total Allocation Portfolio has slightly higher bond exposure than the rest of my investments, but that's not a problem. However, I'm a little wary of the private equity and real estate components. I like the idea of increased diversification, but the state investment board provides very little detail about its investing strategy. In case you're curious, my other investment options are Money Market Fund 0.2113% Fee Wa State Bond Fund 0.1263% Fee Short-Horizon Fund 0.1765% Fee Mid-Horizon Fund 0.1354% Fee Soc. Resp. Balanced Fund 0.6270% Fee U.S. Large Stock Index Fund 0.1262% Fee U.S. Stock Market Index Fund 0.1289% Fee U.S. Small Stock Index Fund 0.1323% Fee Internat. Stock Index Fund 0.1634% Fee I believe either of my two picks is a solid choice, but I'd like to know what the experts think. Thanks!
  5. Thanks for the excellent reply--this forum is quite a valuable resource.
  6. I have adequate income from a source other than my full-time teaching position, and would therefore like to maximize my opportunities for tax-deferred retirement account growth. I live and teach in Washington State, so I am a member of the WA Teachers Retirement System, which is a "qualified 401(a) program." This is a hybrid defined benefit / defined contribution plan. The defined contribution portion requires a minimum 5% of salary contribution; I chose to contribute the maximum 15% allowed by the plan (approximately $6600 per year) when I took my position. I am also contributing to a 403(b) account with Vanguard, and to the Washington State 457 plan. I understand that due to EGTRRA I am able to contribute $14,000 each to the 403(b) and 457 plans, for a total of $28,000 in tax-deferred contributions for 2005. How does my 401(a) plan fit into this? Are my total salary deferrals limited to $28,000 for 2005, including the 401(a) program? Or am I safe deferring $34,600 in income for 2005? Thanks for your responses. I appreciate your expertise. -Buffalo-
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