Change to use DC contributions to buy into DB plan
So my state board of retirement has just had a ruling from the IRS that will allow participants in the DC retirement plan to us that account balance to buy into the state's DB plan. I'm not sure of the terms right now ie how much will buy what defined benefit.
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“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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