Originally Posted by
Big E 757
Anyone know when we elect what to do with our DC money? I don't want to end up with some crap annuity earning 2% when I could roll it into my 401K
Thanks, Erik
I went over it and the election period should be in April 2014. You can roll it to your DPSP, Fidelity IRA, Other IRA or Company Annuity.
Very important #1. If you dont do anything at all, your your remaining B fund money goes to an annuity. Per law.
Very Very Very Important #2. You need your Spouse's signature for a transfer to your DPSP, FID IRA or Other IRA. If you dont get your Spouse's signature, all your B fund money goes to an Annuity. A bad, very bad ju ju for most of us. Per Law.
Im anxiously waiting for more DALPA correspondence. On the Fidelity website there are 2 older letters.
TEN