I have been with my current employer (a medium-sized academic hospital) for almost 10 years. I like most aspects of the job, but retirement saving setup is not great. 401k only (with 18K/year max), no profit sharing, no after-tax, no 457b plan. Moreover, the administrative expenses are not sky high but not cheap either (ER 0.18), plus poor investment choices with only one decent low-expense mutual fund (total market index with ER = 0.3, everything else is ER=0.7 or over). I have tried agitating with the finance committee, but there is too much momentum/entrenchment. I contribute max to my ROTH and SEP 401k, but still I have uncomfortably too much tied in with whole market US index; yeah, it's decently diversified but US market is kinda riding high at this point, not to mention this index mutual fund is too expensive for an index to boot.
Is there a way to do an IRA rollover while you are still employed? At 10 years is about the point where length of service benefits max out (no added time for sabbatical, pay increases, vacation, etc)... can I 'strategically' quit for a day (alas, I think that is too difficult from a practical standpoint, but humor me please & treat this as a serious question).
Is there a way to do an IRA rollover while you are still employed? At 10 years is about the point where length of service benefits max out (no added time for sabbatical, pay increases, vacation, etc)... can I 'strategically' quit for a day (alas, I think that is too difficult from a practical standpoint, but humor me please & treat this as a serious question).
Comment