I withdrew my money from my 403B account and my financial person turned it over to LPL to invest, but it continues to lose money. I don’t need it right now, but I’m concerned that it is slowly disappearing! Where should the money be?
Terry Says: What? You “withdrew”?? First, you can’t “withdraw” unless you leave your employment. Second, if you did withdraw, you’d owe huge taxes. I’m guessing your “financial person” did a ROLLOVER IRA. I have no idea about LPL. But if you get up the gumption to be your own financial person, contact Vanguard, and they will do a rollover to their low-cost funds. And they will advise on just which funds are appropriate, given your age, financial situation, and overall retirement goals.