Tuesday, September 04, 2007

Shift 403(b) assets by Sept. 24, or else

Good overview of what teachers need to do RIGHT NOW.

David Ranii

"Now is the time for teachers and nonprofit employees with 403(b) retirement plans to assess their investments.

Right now.

On Sept. 24, new Internal Revenue Service regulations take effect that make it more difficult for employees to shift the assets in their 403(b) accounts from one provider of mutual funds and other investments -- such as Fidelity Investments or Charles Schwab -- to another without suffering a tax penalty."

Follow the title link for the rest of the article.

Scott Dauenhauer, CFP, MSFP, AIF
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