Good morning r/personal finance,
My wife (30) is a teacher in California. Before we met, she was talked into a fixed return (1.25%) annuity plan for retirement with American Fidelity. She has over $20k in there and made less than $300 return last year. I want to roll her over into a plan like a target date mutual fund, but curious if someone has more insight on this?
Her 403b is pre tax, so if I rolled it into a traditional 401/403, I shouldn't have to pay a tax penalty correct? She pays into CalSters, and not social security. CalSters will cover about 50% of her retirement expense, so I want to maximize her returns for the remainder of her career.
Her American Fidelity advisor is dodging me via email, so I want to roll over into another company, preferably vanguard or fidelity, both of which I have used and likes for their low expense ratios. Will I have to check with her employer to see if they support these companies?
Are there other considerations I am missing or should consider? Thank you all in advance for your help!
Submitted December 01, 2017 at 10:10AM by Nongentillion http://ift.tt/2zSI1WV
