Now, if you had a high-cost 403, you could switch money to an investment firm that was not part of your employers' plan, a move called a 90-24 transfer after the IRS rule that allowed it. A smart strategy was to contribute only to the least expensive option, such as a money market fund, then periodically transfer the balance to a low-cost investment manager, such as a no-load fund company.
Friday, September 7, 2007
Deadline Nonprofit workers
Now, if you had a high-cost 403, you could switch money to an investment firm that was not part of your employers' plan, a move called a 90-24 transfer after the IRS rule that allowed it. A smart strategy was to contribute only to the least expensive option, such as a money market fund, then periodically transfer the balance to a low-cost investment manager, such as a no-load fund company.
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