It's MINE! All MINE! Maybe reaching age 59 1/2 doesn't mean much to most people, but it does to me! As of Tuesday, my investments are now my own — if I need them.
- The first thing I did was call Vanguard to roll my dormant 403(b) into my personal IRA. This was accomplished quickly over the phone. Now I can add to it, rebalance it, even withdraw from it if necessary. And I have also reduced the fees. (This "dormancy" occured a few years ago when investing with Vanguard directly was no longer an option under my district's 403(b) plan.)
- The second thing I did was send TIAA-CREF a message: Can I roll over my current and active 403(b) into my personal IRA with no penalties? I don't know the answer to that, but maybe one of you do. The Vanguard rep said it would depend on whether the plan was "erisa" or "non-erisa."
- The third thing I did was arm-twist my 27-year-old daughter into contributing to her 401(k). I am so glad I saved the money I did, I just wish I began at her age.