Now that the market has come up a bit, I wondered if it would be possible to move my 403b (which is mostly mutual funds) into a fixed-rate annuity. I'm 58, but would like to take advantage of the increased value of my 403b, and secure it in a fixed rate investment in case the market drops before I retire in the next 6-12 months. I'd like to think the market will continue up, but between European monetary and mideast issues, etc. things could turn on a dime.
Can a rollover to an annuity be done before I turn 59-1/2? Is there some other investment vehicle beside an annuity that would secure the funds at a fixed-rate and still maintain the tax-deferred status of the present 403b funds? Thanks!
Can a rollover to an annuity be done before I turn 59-1/2? Is there some other investment vehicle beside an annuity that would secure the funds at a fixed-rate and still maintain the tax-deferred status of the present 403b funds? Thanks!