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Old 04-02-2014 | 12:22 PM
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Big E 757
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Originally Posted by TenYearsGone
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
Thanks, just got an email from DALPA on this very subject. I should have waited two hours.

I thought I remembered reading the money went to an annuity if no election was made. I wanted to make sure I didn't forget to make an election. What an expensive mistake it would be having the money grow at 2% for the next 22 years.

Thanks for the response 10YG

Erik