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white perch
Northwestern St. Fan
the bright, happy side of hell
Member since Apr 2012
4364 posts

What to do with $25,000 in a 403(b)
I've got about $25,000 in my previous job's 403(b) plan through Lincoln Financial Group. It got about 12% return this year. I'm now a Mississippi state employee and I'm forced to participate in this state's PERS system. It's a 401(a). As far as I can tell, I cannot roll over my 403(b) into this. The PERS system is not bad. I contribute 9% and my employer kicks in another 15.75%. My concern is the long term viability of this plan. I'm not sure it will be here in 30 years when I retire. So I'm left with $25,000 I have to do something with. Which option do you think is better?

1. keep it there and just let it sit and grow

2. roll it into some other 401(k), trad IRA, or roth IRA

3. withdraw it and invest it in mutual funds

4. withdraw it and spend it on hookers and blow

5. something else

Any advice is appreciated. TIA


Croacka
Chicago Cubs Fan
Denham Springs
Member since Dec 2008
58749 posts

re: What to do with $25,000 in a 403(b)
Everytime ive changed employers, I've rolled over my 401k's into my fidelity traditional IRA

The biggest advantage is the investment options aren't as limited as in a 401k plan

I would definitely not withdraw any of it if at all possible


roguetiger15
LSU Fan
Member since Jan 2013
7590 posts

re: What to do with $25,000 in a 403(b)
Bring it to a brokerage firm. More investment options and a professional looking out for you


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I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
34753 posts

re: What to do with $25,000 in a 403(b)
quote:

4. withdraw it and spend it on hookers and blow


rocketc
Auburn Fan
Member since Oct 2013
270 posts

re: What to do with $25,000 in a 403(b)
Bet on Auburn in natty. $25 = $80 ez game.


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Chris Farley
Maryland Fan
Regulating
Member since Sep 2009
3993 posts

re: What to do with $25,000 in a 403(b)
quote:

I contribute 9% and my employer kicks in another 15.75%.


Hot damn


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kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
31732 posts

re: What to do with $25,000 in a 403(b)
quote:

I contribute 9% and my employer kicks in another 15.75%.


Good for you, but it stinks for taxpayers. These kinds of benefits are ridiculous. No (or a very small amount of) private employee gets anything near this.


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TyOconner
Troy Fan
NOLA
Member since Nov 2009
10297 posts

re: What to do with $25,000 in a 403(b)
quote:

4. withdraw it and spend it on hookers and blow


Wait, why wouldn't this be the obvious answer?


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wiltznucs
South Florida Fan
Apollo Beach, FL
Member since Sep 2005
8103 posts
 Online 

re: What to do with $25,000 in a 403(b)
quote:

I contribute 9% and my employer kicks in another 15.75%


That's pretty amazing. My employer will match 4% and in this area thats considered very good...


Paul Allen
Notre Dame Fan
Boca Raton, FL
Member since Nov 2007
40110 posts
 Online 

re: What to do with $25,000 in a 403(b)
quote:

quote:
I contribute 9% and my employer kicks in another 15.75%



You could retire at 50.


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