Hello!
I am set to retire on Dec 31 2012.
I have a 403(b) with Wilton Reassurance Life Company of New York, with an annuity value of approx. $35,000.00. When I retire there will be no more contributions to my 403(b). What Can I do with this 403(b)? Do I switch it over to an IRA? Whats the best way to withdraw money not paying so much interest or penalties? I'm 62 years old.
Thank you.
I am set to retire on Dec 31 2012.
I have a 403(b) with Wilton Reassurance Life Company of New York, with an annuity value of approx. $35,000.00. When I retire there will be no more contributions to my 403(b). What Can I do with this 403(b)? Do I switch it over to an IRA? Whats the best way to withdraw money not paying so much interest or penalties? I'm 62 years old.
Thank you.