I have a 401(k) from a secular employer when I was with a gas compression company as chaplain, as well as quite a few other hats I wore.
I also have a 403(b) from my years in Church work with various Churches and religious institutions. The 403(b) is managed by Guidestone, who handles retirement accounts for Southern Baptist Ministers.
I have been considering rolling my 401(k) into my 403(b) because there are ministerial tax advantages to the 403(b) that are not available in the 401(k) at time of retirement.
My concern was that the performance of the 403(b) might not be as robust as my 401(k), due to the fact that the 403(b) is based on "Socially Responsible Investing". They don't invest in "sin" stocks - alcohol, tobacco, pornography, etc.
I was pleasantly surprised to see that Lipper, in particular, and other evaluators, seem pretty impressed with Guidestone's performance.
Regardless, I HIGHLY advise any of our younger Twebbers --- this whole "retirement thing" comes at you WAY faster than you can imagine, and even SMALL amounts invested now can make a HUGE difference when the time comes.
I also have a 403(b) from my years in Church work with various Churches and religious institutions. The 403(b) is managed by Guidestone, who handles retirement accounts for Southern Baptist Ministers.
I have been considering rolling my 401(k) into my 403(b) because there are ministerial tax advantages to the 403(b) that are not available in the 401(k) at time of retirement.
My concern was that the performance of the 403(b) might not be as robust as my 401(k), due to the fact that the 403(b) is based on "Socially Responsible Investing". They don't invest in "sin" stocks - alcohol, tobacco, pornography, etc.
I was pleasantly surprised to see that Lipper, in particular, and other evaluators, seem pretty impressed with Guidestone's performance.
Regardless, I HIGHLY advise any of our younger Twebbers --- this whole "retirement thing" comes at you WAY faster than you can imagine, and even SMALL amounts invested now can make a HUGE difference when the time comes.
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