Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Chosing company for rollover IRA
Old 01-05-2014, 08:01 AM   #1
Recycles dryer sheets
Join Date: Mar 2011
Posts: 73
Chosing company for rollover IRA

December 24th was my last work day - Yeah!

The business manager at our relatively small non-profit spent a little time with me and told me that I have a 180 day window to roll my 403B money into an IRA or it will be stuck in the emplyer's plans. That seems odd to me but I was going to roll it over anyway. I essentially have two questions related to doing this.

1. I'm trying to chose between T. Rowe Price and Vanguard for the company to roll into. The bulk of the ~ $170,000 that I'll be rolling over is int T. Rowe Price (my employer changed companies a few years ago and I left my Price money there as their funds had better returns and lower expenses). I've been very happy with the help I get from Price when I have questions. Though their funds are actively managed, I've been able to match or better indexes with modest expenses. Both companies have brokerages so I could potentially buy funds from other families though with brokerage fees. TR Price has higher brokerage fees though I don't do much moving of money except an occasional rebalancing or in the even less often situation where I don't like a fund. Vanguard's advantage is that they are simply cheaper. Their funds have lower expenses and their brokerage fees are lower. I will most likely stay in mutual funds for this money. I understand them and see no reason to change into individual stocks or anything more complicated. Any thoughts on making this choice?

2. I might like to use a brokerage for mutual funds outside of either company's own funds. If I chose TR Price, to pick up additional index fund choices. For either of the companies to perhaps buy a socially responsible fund. How does that work exactly? If most of my money is in the companies funds are those exempt from brokerage fees? When does one incur a brokerage fee?

Thanks for any thoughts on this.

bikeknit is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-05-2014, 08:22 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
Join Date: Jun 2008
Posts: 6,466
Congrats! I bet this Christmas felt better than the past being FIRE'd and all

When I rolled over my 401K to an IRA, the company that I w*rked for used Fidelity. I already had my individual IRA and other investments with Vanguard so I rolled over to Vanguard.

I even called Vanguard beforehand to tell them my intentions and they were helpful with the process.

Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is online now   Reply With Quote
Old 01-05-2014, 09:16 AM   #3
Thinks s/he gets paid by the post
Join Date: Apr 2013
Posts: 3,917
In response to #2, most brokerage fee's are due to trading individual equities. For funds there's the fund fee(Google 'mutual fund fees'). Depending on where you put your money check out the No Transaction Fee (NTF) network. Those are free to get into another fund family.
I'll let more experienced folks tell you about TRP vs. Vanguard. T. Rowes' Lucky sure was a well equipped ram.
Best wishes,

Sent from my SAMSUNG-SGH-I337 using Early Retirement Forum mobile app
MRG is offline   Reply With Quote

403b, ira, mutual fund companies, rollover

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT -6. The time now is 10:07 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.