I just got a check from UC Berkeley HR which seems to be residuals from my 403(b). Now, I’m not quite sure what this is for — I did have a 403(b) when I was an employee in the computer labs, and it says I put in X dollars and had Y gains. Then the check has Federal and State Taxes withheld, so I’m assuming the money is mine now, and I’m not obligated to roll it into something else.<\/p>\n
So yay, free money? And by “free” I mean, 33% of it is free and 67% of it is my money that used to be mine and is mine again. Of course, the fact that it appears I got taxed on the entire check, not just the interest, lowers the amount of money that I actually gained to some pitiful year over year percentage. Overall, it seems I probably shouldn’t have bothered, but I can’t remember if there was matching or something when I was paying into this. I’m sure it would have worked out better had I stayed a government employee.<\/p>\n","protected":false},"excerpt":{"rendered":"
I just got a check from UC Berkeley HR which seems to be residuals from my 403(b). Now, I’m not quite sure what this is for — I did have a 403(b) when I was an employee in the computer labs, and it says I put in X dollars and had Y gains. Then the … <\/p>\n