Retirement rollovers finally complete!
A few months ago I began the process of rolling over my sundry retirement accounts (2 at TIAA-Cref, 2 at Fidelity) into one account at Vanguard, where my current employer-sponsored plan is housed. The whole process was more difficult and time-consuming than I expected it to be, mostly because I wasn't quite sure whether to start with TIAA-Cref and Fidelity or with Vanguard. (Apparently a good rule of thumb is to start with the source who will eventually get the money, but for whatever reason, that wasn't the way it worked out for me. Fidelity, at least, wanted me to initiate the rollover with their forms.) And, it was further complicated by the fact that my old employer in Massachusetts had to sign off on part of the paperwork.
I looked at my Vanguard account online this morning to find that the last rollover had finally taken place! How nice to only have to look in one place to check on my nest egg.
My nest egg, by the way, is $48,434.88. That seems a little on the low side to me (I'm 35), but I don't think I'll be raising my contributions until I take care of some debt.
posted by SMB @ 12:02 PM
2 Comments:
Great job! I just finished moving some retirement accounts around and finding out about a pension I earned long ago. It's nice to be able to look in one spot and see it all. You are doing really for 35, I wish my nest egg was as big as yours. I'm 35 also. Now that I have my debt paid off, I am looking at fully funding my retirement accounts each year. Thansk for sharing!
That's great, SMB. I just rolled over another account, too.
Unfortunately, I have one account at TIAA-CREF that I can't roll over because my old employer doesn't allow it.
But everything else is all at Fidelity, which makes it easier to monitor my asset allocations.
What's your job right now? Are you working in a library or as a PI?
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