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Transition Means Changes & Meetings

Since my work has merged with another one of what we previously were, we’re no longer a non-profit organization.  Changes in benefits, retirement plans, positions, procedures, etc. are all forthcoming with the transition.  If it were up to me, it’d take a long while to get to those changes.  We’ve already had one staff retreat to kind of get to know one another and from what I hear we have an overnight one mid October sometime.  There’s also a meeting tomorrow for benefits, and one on Wednesday for our retirement plan options.

I like my current 403b account, and I’ve got some thinking to do between now and Wednesday morning about signing up for a 457b account since we are no longer eligible to contribute to the 403b.  They’re very similar accounts as far as matches and investment choices go, except for ownership—457b”s are owned by the employer.  I don’t necessarily like putting my trust in someone else for what could grow to be a substantial amount of money.  I feel safer knowing that I own the account, yet I love available matches of free money.  Then there’s the big Social Security option and whether to begin it or not.  Which for me seems easy, as it’s a Government program that I have no faith in whatsoever.  But for others, it may be more enticing depending on their own situations and ages.  Decisions..decisions…