Author Topic: Changing employers - public sector  (Read 748 times)


  • 5 O'Clock Shadow
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Changing employers - public sector
« on: June 14, 2016, 10:37:09 AM »
I have a new job with my state that includes the option to invest in a pension plan or something like a traditional IRA - still learning all the lingo. I opted out of the pension plan and am investing pre-tax in the IRA option. I have rolled over my previous 401(k) to this plan. The Index market fund fee is .02% and that seems good to me.

My contributions to this are set in stone by state legislation. If I want to invest more I have to open a 403(b).

Should I open a 403(b) or something else? I think that I can rollover my current IRA in the event I leave before retirement - likely.


  • Handlebar Stache
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Re: Changing employers - public sector
« Reply #1 on: June 15, 2016, 05:43:53 AM »
I would just go ahead and open the 403b, especially if you have access to the same low-cost funds there that you do in your pension.