On 21 Aug 2004 09:00:09 GMT, "JM" <JM[at]nowhere.com> wrote:

- quote -

You can do a rollover and defer the tax. The first step would be to
contact where you wish to roll and ask for their help with a direct
rollover. Then follow their suggestions.

As for where to do it, the State Farm "growth" (really not a true
growth fund) is blue chip, diversified (is and has been tracking the
SP500) and very low costs. We don't know how the money is invested
now, but that SF fund would streamline your accounts, keep your costs
low and diversify you. And if you put stock in such things,
Morningstar gives it 4 starts. There's always a chance you could do
better elsewhere over the long-term, but alas, most folks don't.

This assumes you will make your decision and stick with it. If not,
you're on your own.


-HW "Skip" Weldon
Columbia, SC

Given your choice with State Farm, you would want to transfer the 2 accounts
into a rollover ira.

When you open the account, tell the new custodian, if it is not Fidelity,
and they will make sure you don't create a tax situation.

"JM" <JM[at]nowhere.com> wrote in message
news:LyzVc.288498$a24.74030[at]attbi_s03...
- quote -

I'm 34, married, one child now, probably one or two more children down the
line.

I have a 401k and a 403b from a my prior company at Fidelity worth about
$25,000. They have been sitting there for the past five years. I am
thinking of moving these to my State Farm Associates Mutual Funds (available
to employees and their family) account to consolidate institutions, and to
save on costs, but I don't even know if that's possible, or if it's a good
idea.

If I pursued this, what type of account would they / could they go into....
a traditional IRA? Would I have to pay any taxes?

Another issue is that there are only four mutual fund choices available at
State Farm Associates Mutual Funds: "Growth", "Balanced", "Municipal Bond",
and "Interim" (STFGX, STFBX, SFBDX, SFITX). Most of the rest of our
retirement savings, (about $15,000) are already in State Farm Associates
Mutual Funds Roth accounts, invested 50/50 in the Balanced and Growth funds.
Is this putting too much $ in too narrow of investment types?

These funds have VERY low costs, and seem to be competitive within their
categories, but I don't really know.. any opinions on these?

Thanks!!