Company 401k Plans
- allancoleman
- rasputin
- rasputin
- rasputin
- allancoleman
- AL_W
- rasputin
- AL_W
- allancoleman
- rasputin
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» allancoleman - Re: 401K vs. 403b
In response to 401K vs. 403b posted by rasputin:hello again rasputin ,
AL_W brings up some excellent points and if they do have to close your 401(k) and offer you a IRA rollover , i'd sure seriously consider it because of AL's comment about insurance companies .
and your comment about , " I should know this stuff , but i don't " will change quickly as you will become the 401(k) , 403(b) , IRA rollover expert because you'll have no other choice except to really dig into the IRS regulations to keep your custodians from pulling the wool over your eyes .
once again , IRS publication 560 & 590 are really going to be handy plus NOLO press at : ( http://www.nolo.com ) puts out a really excellent book on how to handle the different retirement plans . they have a excellent 6th edition out now and i buy one every time they publish a new one . keep in mnd that when you read anything else on the subject of your rights under the IRS codes , that the IRS code is ALWAYS right , no matter what another book or article tells ya . in other words , if you can't find justification for what you read elsewhere in the IRS publication , then it's always going to be questionable later in the eyes of the IRS . and the penalities for not doing it right are pretty bad . when you're reading the IRS publications , get used to just reading it like a book and start on page one and go completely through to the last page , even if they don't necessarily apply to your specific situation cause that's the way to figure out all the different options that may apply to you later .
once again , good luck . let us know how it gos as others can / will learn from your experiences .
-- posted by allancoleman
» rasputin - Thanks guys
--Thanks Al and Allan. I'll let you know how it goes. I'll be meeting with our representative from Vanguard and the new guy from AIG-Valic. The organization that bought our medical group is a hospital, but why the heck do so many schools use Valic? They've got some nasty surrrender charges (I think) for people who leave the plan early. And I checked to see if they offer a total market index fund. They do but it's T. Rowe Price and their expense ratio is .40 versus Vanguard's .19. Sheesh. I may end up posting the funds that Valic will be offering. I guess there are ways of going beyond the funds offered in the basic program. Thanks again. Any other thoughts will be graciously received.
-- posted by rasputin
» rasputin - Valic Mutual Funds
--American Funds EuroPacific Gr R4 - MSCI (EAFE)Columbia Acorn USA A - Russell 2000 GrAmerican Beacon Small Cp Val Plan - Russell 2000 ValJPMorgan Mid Cap Equity-Select - S & P Midcap 400
American Funds Grth Fund of Amer R4 - S&P 500Large Blend
Domini Social Equity - S&P 500
Dreyfus S&P 500 Index - S&P 500
T. Rowe Price Total Equity Market Idx - Wilshire 5000
Vanguard LifeStrategy Growth
American Funds Washington Mutual R4 - Russell 1000 Val
Vanguard LifeStrategy Moderate Growth
Vanguard LifeStrategy Conserv Growth High Yield Bond
Neuberger Berman High Inc Bond Inv - Lehman High Yield Tr
PIMCO Total Return Admin - LB Aggreg
AmCent Govt Agcy MM Inv
VALIC Fixed-Int Option
-- posted by rasputin
» rasputin - Re: Valic Mutual Funds
In response to Valic Mutual Funds posted by rasputin:Sorry for the ugly format. Columbia Acorn is a separate fund. So is JPMorgan Mid Cap. They're run-on with the funds cited on the same lines. Sheesh.
-- posted by rasputin
» allancoleman - Re: Valic Mutual Funds
In response to Re: Valic Mutual Funds posted by rasputin:it does look like a mess . never could figure out why they can't just offer a whole nother family of funds . my 401(k) does that with their " other window " mix of funds they offer . it's always one here and one there .
i'm fortunate that the " in house " funds offered within my 401(k) includes several nice balanced funds ( balanced fund - more stocks , balanced fund - fifty / fifty , balanced fund - more bonds ) , a u.s. stock fund , and a really good stable value fund along with international & a junk bond fund ) . the really nice thing about staying " in house " in my 401(k) is i have daily switching with no penalities .
i'm still trying to obtain a publication 560 from my friendly local IRS office for my own reference library and when i get one , i can better comment on your choices / options . but , right off the top of my head , i agree with AL that if they'll allow you to roll your present 401(k) into a IRA , i'd take advantage of it . good luck .
-- posted by allancoleman
» AL_W - Re: Valic Mutual Funds
In response to Valic Mutual Funds posted by rasputin:RAS,
First off, VALIC stand for Varible Annuity Life Insurance Company.
According the the AIG-VALIC web site, it seems they are heavy into Financial Advisors. Looking at some of the offering, I can understand why.
Below the fund names, the nearest I can match at Morningstar, the Morningstar rating ( stars ), and the fund load if any. Note, I said nearest match. You need to see exactly what is in the plan, since often a no-load fund can have a loaded variant, and a loaded fund can have a variant with a different load.
American Funds EuroPacific Gr A ***** load=5.75%
http://quicktake.morningstar.com/Fund/Sn...
American Funds Grth Fund of Amer A ***** load=5.75%
http://quicktake.morningstar.com/Fund/Sn...
American Funds Washington Mutual A *** load=5.75%
http://quicktake.morningstar.com/Fund/Sn...
Columbia Acorn International Z *** load=none
http://quicktake.morningstar.com/Fund/Sn...
American Beacon Small Cp Val Inst *** load=none
http://quicktake.morningstar.com/Fund/Sn...
JPMorgan Mid Cap Equity-Select *** load=none
http://quicktake.morningstar.com/Fund/Sn...
Domini Social Equity: not tracked by Morningstar
Dreyfus S&P 500 Index *** load=none
http://quicktake.morningstar.com/Fund/Sn...
T. Rowe Price Total Equity Market Idx: not tracked by Morningstar
Neuberger Berman High Inc Bond Inv *** load=none
http://quicktake.morningstar.com/Fund/Sn...
PIMCO Total Return II Instl ***** load=none
http://quicktake.morningstar.com/Fund/Sn...
Vanguard LifeStrategy Growth *** load=none
http://quicktake.morningstar.com/Fund/Sn...
Morningstar Fund's page:
http://www.morningstar.com/Cover/Funds.h...
-- posted by AL_W
» rasputin - Re: Re: Valic Mutual Funds
In response to Re: Valic Mutual Funds posted by AL_W:Thank you very much. Will your help and some of my own research, I'll be prepared for my meetings.
-- posted by rasputin
» AL_W - Re: Valic Mutual Funds
In response to Valic Mutual Funds posted by rasputin:RAS,
First, I find it hard to understand why competent HR people would ever select a plan such as this, compared to those from Fidelity, Vangard, and such. Although pay-backs are illegal, I've always felt there has to be something more that just stupid HR people making a selection.
If this were me:
1. I'd roll-over to an IRA what $ I already have in the old plan.
2. Although at a higher cost, the Dryfus SP500 and the Pimco Bond Funds are OK.
3. I'd only put as much $ into the 403b that they match. The rest I'd put into IRA's for your and your wife until they are max'd, then the rest back into the 403b. You'll have to decide if a Roth or a Std IRA will be best for you. Remember, it's a blend of everything.
4. You'll have to do your own diversity spreading between your several accounts. Example, since the 403b does not have a good International Fund, you do one that in the Roll-over account.
5. You will need to do your own analysis was to see if the returns on those Amercian Funds make up for a 5.75% load. My guess is that after you diversify via a Roll-over, you can skip these high cost funds entirely.
If you'd like more opinions, just ask.
-- posted by AL_W
» allancoleman - Re: Roth 401(k)
In response to Roth 401(k) posted by SteveT:hello SteveT ,
in my own recent research on Roth 401(k)s , there doesn't seem to be a rush by corporations to offer them by january 1st , 2006 . and from what i read , there is no requirement that companies have to offer them . and there also seems to be a difference of opinion among the planning experts how popular they will be in the future .
i would like to see them offered too as i am a great fan of regular ROTH IRAs , weither by conversions or otherwise . i was hoping there would be a " conversion " process whereby one could convert your monies within a 401(k) to a Roth 401(k) and leave it there and not have to roll it to a regular rollover IRA account and then convert it to a ROTH which is the only option available now to move large sums of money to a taxfree status . i guess we'll have to wait and see how they develop .
-- posted by allancoleman
» rasputin - Re: Re: Valic Mutual Funds
In response to Re: Valic Mutual Funds posted by AL_W:Thanks for the great advice. I don't know if we are being charged loads for some of these funds. If there are, I will certainly complain about it to the new company's HR guy.
-- posted by rasputin
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