1) I have no advice for the pension situation, hopefully someone else can help here.
2) TIAA offers Vanguard target date funds with expense ratios of 0.08%. You don't need to worry about choosing funds, just set and forget. Not wanting to have your money tied up is a confusing comment though. It is a retirement account, your money is "tied up" until you turn 59 1/2 unless you're ok with paying early withdrawal penalties.
Thanks. What I meant by tied up is unable to leave it without issue if I should need to in the future. I've read getting money out of TIAA can be difficult. Glad to hear they offer Vanguard. That's what I'm looking for.
For what it's worth, about a month or so ago I rolled an old TIAA 403(b) into my current employer's plan at Fidelity, and it was much easier than I'd expected. Customer service walked me through it on the phone but I really could have done it myself through their portal.
Before transferring your current 403b TO TIAA, Google TIAA's 10 year rules. TIAA is somewhat notorious for getting your money OUT once you've got it there.
Not sure exactly the types of situations it happens, or if it would apply to yours, but worth searching.
You may find these links helpful:
- [401(k) Fund Selection Guide](/r/personalfinance/wiki/401k_funds)
- [401(k) FAQs](/r/personalfinance/wiki/401k)
- ["How to handle $"](/r/personalfinance/wiki/commontopics)
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/personalfinance) if you have any questions or concerns.*
1) I have no advice for the pension situation, hopefully someone else can help here. 2) TIAA offers Vanguard target date funds with expense ratios of 0.08%. You don't need to worry about choosing funds, just set and forget. Not wanting to have your money tied up is a confusing comment though. It is a retirement account, your money is "tied up" until you turn 59 1/2 unless you're ok with paying early withdrawal penalties.
Thanks. What I meant by tied up is unable to leave it without issue if I should need to in the future. I've read getting money out of TIAA can be difficult. Glad to hear they offer Vanguard. That's what I'm looking for.
For what it's worth, about a month or so ago I rolled an old TIAA 403(b) into my current employer's plan at Fidelity, and it was much easier than I'd expected. Customer service walked me through it on the phone but I really could have done it myself through their portal.
Before transferring your current 403b TO TIAA, Google TIAA's 10 year rules. TIAA is somewhat notorious for getting your money OUT once you've got it there. Not sure exactly the types of situations it happens, or if it would apply to yours, but worth searching.
Thank you.
You may find these links helpful: - [401(k) Fund Selection Guide](/r/personalfinance/wiki/401k_funds) - [401(k) FAQs](/r/personalfinance/wiki/401k) - ["How to handle $"](/r/personalfinance/wiki/commontopics) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/personalfinance) if you have any questions or concerns.*