Search the Community
Showing results for tags 'contract exchange'.
Found 2 results
I'm finally getting a hold of my finances and have crawled out from under AXA and away from a fee-based adviser, thanks to the New York Times articles and 403bwise. I do, however, have a question as I am moving forward. I just completed a contract exchange from class A shares in American Funds to Aspire, where I have another 403b to which I currently contribute. I understand that my money transferred in will not be co-mingled with my current account. Must I continue with the same American Funds under the Aspire platform? Or can I sell and purchase Vanguard funds, as I believe the fees are much lower. If I must keep the American Funds, can I at least change the asset allocations? Aspire referred me to their Class A shares expert, but I have not been able to get a hold of him yet. Thank you for your input.
Hi! I am a school teacher in one of the districts in Maryland. My employer is asking us to transfer any asset held in the Fidelity 403b Custodial Account (Fidelity Account) to a new 403b account maintained under the Investment Provider Exchange (IPX) 403b platform. This transfer will change my custodial account provider from Fidelity to FPS Trust Company. It says that the Fidelity funds will continue to be available to me under the IPX 403b platform. If I do not consent to the contract exchange, it means that my contributions I am making to Fidelity 403b Custodial Account will be stopped and my current assets will remain invested in the Fidelity 403b Custodial Account. I am confused what to do... Please advise! Thanks! Lui