Search the Community
Showing results for tags 'transfer'.
Found 2 results
I have been working in a district (New York state) where I was contributing to my 403b under plan member. I just got a new job in a new district. They do not offer plan member as a provider. I think I am going to go with Aspire. Should I transfer my old funds to the new 403b account? Should I keep them in plan member and just not contribute? If I do transfer funds, do I contact my new provider (Aspire) or the old one (plan member)? Thank you so much for any feedback!
I recently heard that you can roll your employer's contributions into your Roth. I believe this law was new in 2016. I understand this will create a tax bill but I think it is worth looking into. Of course when I called my HR department they said they never heard of any such thing. When I spoke with my financial advisor he said the school corp would never go for this because they would lose the tax deduction. Can anyone verify or tell me how/where to begin looking into this law? Further, if this is the case, how can I go about making sure this is made available to all of my co-workers? Thank you so much!