Search found 2 matches

by doomie
Wed Jan 13, 2021 6:22 pm
Forum: Personal Investments
Topic: UC DCP Questions [Univ. of CA Defined Contribution Plan]
Replies: 48
Views: 28180

Re: UC DCP Questions [Univ. of CA Defined Contribution Plan]

One thing which I think wasn't mentioned before: one can move the after-tax contributions to a Roth IRA and if you have earnings on those contributions you can move them separately to a 403(b) or 457(b) plan if you have those with UC. The process is detailed here https://www.myucretirement.com/Managed/Assets/File/1607374678/UC_ROTH_IRA_STEPS_FLYER%20FINAL.pdf: " If there are any earnings in the DCP account, you can choose to move the earnings to the UC 403(b) or 457(b) plans, where they would continue to grow tax-deferred until distribution, and leverage the low-cost funds available through the UC Retirement Savings Program. Alternatively, you can roll the earnings to a rollover IRA, where they would continue to grow tax-deferred unti...
by doomie
Wed Jan 13, 2021 5:36 pm
Forum: Personal Investments
Topic: UC DCP Questions [Univ. of CA Defined Contribution Plan]
Replies: 48
Views: 28180

Re: UC DCP Questions [Univ. of CA Defined Contribution Plan]

One thing which I think wasn't mentioned before: one can move the after-tax contributions to a Roth IRA and if you have earnings on those contributions you can move them separately to a 403(b) or 457(b) plan if you have those with UC. The process is detailed here https://www.myucretirement.com/Managed/Assets/File/1607374678/UC_ROTH_IRA_STEPS_FLYER%20FINAL.pdf: " If there are any earnings in the DCP account, you can choose to move the earnings to the UC 403(b) or 457(b) plans, where they would continue to grow tax-deferred until distribution, and leverage the low-cost funds available through the UC Retirement Savings Program. Alternatively, you can roll the earnings to a rollover IRA, where they would continue to grow tax-deferred until...