Author Topic: rolling account from valic (boo!) to fidelty (yay!)  (Read 1243 times)

mizchief

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rolling account from valic (boo!) to fidelty (yay!)
« on: November 05, 2015, 05:22:43 PM »
In my 403(b) plan, it urns out I've been in an annuity program for decades at Valic. Who knew? 1.65% fees on most of my investments.

I'm transferring the funds to Fidelity where I can invest in low-cost index funds.  But the Fidelity website says this, "You should consult your tax adviser and carefully consider the impact of making a rollover contribution to your employer's plan because it could affect your eligibility for future special tax treatments."

What "special tax treatments' are they referring to?  I'll call Fidelity but I wonder what you experts think.  Thanks!

Dee18

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Re: rolling account from valic (boo!) to fidelty (yay!)
« Reply #1 on: November 05, 2015, 05:27:43 PM »
I rolled over a Valic 403(b) account to a Fidelity ira.  There were no tax implications from the rollover, but having the money in an ira instead of the 403(b) created a big issue with my trying to convert another smallish ira to a Roth.  I should have done that conversion before the rollover.