Presumably you are thinking about rolling to an IRA at T Rowe unless you are with another employer who has a 457b with T Rowe? Realize that you will be giving up the governmental 457b advantage of penalty-free withdrawals before reaching the age of 59.5 if rolling to any plan other than a governmental 457b. I doubt that the fund you have identified at T Rowe is some kind of silver bullet but I am less doubtful that you could currently be in a suboptimal 457b plan.
My wife just rolled a 457b with a third party administrator in the mix and the process was much like you describe:
1. Confirm ability of new plan to accept rollover funds.
2. Certify rollover with the third party administrator.
3. Send certificate and rollover form to losing brokerage.
4. Ensure that funds are properly deposited at winning brokerage.
In our case the losing brokerage (Fidelity) was so unhelpful that the process took several months.
May the odds be ever in your favor!
My wife just rolled a 457b with a third party administrator in the mix and the process was much like you describe:
1. Confirm ability of new plan to accept rollover funds.
2. Certify rollover with the third party administrator.
3. Send certificate and rollover form to losing brokerage.
4. Ensure that funds are properly deposited at winning brokerage.
In our case the losing brokerage (Fidelity) was so unhelpful that the process took several months.
May the odds be ever in your favor!
Statistics: Posted by n00b — Tue Aug 13, 2024 12:20 pm — Replies 2 — Views 341