Shift 403(b) assets by Sept. 24, or else
Good overview of what teachers need to do RIGHT NOW.
"Now is the time for teachers and nonprofit employees with 403(b) retirement plans to assess their investments.
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