When I was a brand new teacher I foolishly and opened a 403b account with a company (AXA) that has a Series 200 Contract/12 Year Surrender Schedule. I no longer work at the school district, so I can roll the roughly $14,000 into a Vanguard Traditional IRA with simple index funds for a 4% withdrawal charge, or wait. Each year on January 30, the withdrawal charge will decrease 1% until January 30, 2021 when there are no further surrender charges.
Should I consider the $560 a stupid tax and get it out of AXA and into a Vanguard IRA or let it sit there until 2021?
For what it's worth, I have a new 403b at my new school district and it is not with a company that has horrendous surrender charges like AXA listed above.
Thank you -