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Panic Attack Outside the Post Office

January 23rd, 2015 at 01:22 am

I decided to stop by the post office today to check my mail there - still have my box from when I first moved here. (need to get it canceled, just keep forgetting)

Part of the reason was it had been a few weeks since I'd been there, and part of it was I hadn't had a good day and wanted chocolate. Which I got .. before the mail.

So anyway ... I got my mail. Saw two envelopes from a place I didn't recognize and an envelope from my former 2005 employer's retirement company. Opened that up in my car ... Balance $0!!

Ensue panic attack!

Ensue rushing home.

Try to calm myself and call retirement company. Find out that my 2005 employer changed companies as of January.

They don't have the number for the new company, but they did know the name.

Google name of new company. Call customer service number. Find out my money is there.

Get very aggravated registering for an online account so I can SEE my money. Finally manage to get in and see it is still there.

I received absolutely NO communication about this impending move. My money will be moving again soon - to Vanguard, but now I just have to figure out how to move it from this new company.

I DID not like finding out about this like that. At all.

---
I got in touch with someone who should know about talking with the pastor / not being a member. Haven't heard back one way or the other yet, but I'll see her on Saturday. Am feeling really frustrated with life right now.

Posted in General, Work Related, Financial | 7 Comments »

7 Responses to “Panic Attack Outside the Post Office”

  1. rob62521 Says:
    January 23rd, 2015 at 02:01 am 1421978495
    1421978495

    I, too, would be irritated.

  2. snafu Says:
    January 23rd, 2015 at 02:48 am 1421981300
    1421981300

    The safest action when moving retirement savings from one provider to another is to have the company, Vanguard in this instance, take charge of the process. It's not a good idea to delay or procrastinate as it's a lengthy process, lots of red tape, lots of decisions on your part for allocation. Every day delayed is costing you potential earnings.

    You are no longer with your former employer and no longer reaping any benefits. You have already been put out by not being informed of a major change.

  3. Kiki Says:
    January 23rd, 2015 at 03:42 am 1421984564
    1421984564

    So sorry for the frustration you have been experiencing. Growth is never easy.

  4. ThriftoRama Says:
    January 23rd, 2015 at 07:26 pm 1422041191
    1422041191

    Wow that is scary. You really should move that money out of your former employer's account. Then, that won't happen again! You can roll over into your own brokerage account once you leave the job. We have all of ours at a third party brokerage and then just invest in Vanguard funds.

  5. Buendia Says:
    January 23rd, 2015 at 08:14 pm 1422044055
    1422044055

    I would have had a panic attack too!!

  6. Amber Says:
    January 24th, 2015 at 02:45 am 1422067523
    1422067523

    Oh wow, talk about poor customer service. Glad you were able to locate

  7. Looking Forward Says:
    January 24th, 2015 at 09:57 pm 1422136630
    1422136630

    That would have freaked me out too!
    I'm sure you can do a roll over to Vanguard.

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