Home > with last week, a 403B clarification

with last week, a 403B clarification

September 22nd, 2008 at 06:06 am

Saving log - $0
Spending log - $3.25 bagel, coffee + $1.13 apple + $20 groceries

Forgot to mention that since our 403B is administered by Merrill Lynch, we asked about how that was going to work now that Merrill Lynch was bought out by Bank of America.

The answer is nothing much would change. Our plan administrator is in the now Merrill Lynch Wealth Management division, and for the moment is going to be our plan manager. In our 403B the old Merrill Lynch funds were bought a year or so ago by Black Rock.

Was just going to buy tomatoes and a red onion to go with all the cucumbers sister mailed to me. But then I saw a decent deal on bananas, a great deal on whole chicken and a BOGO free on chicken drumsticks and thighs. (DH is a dark meat guy). So I walked home with two large, heavy grocery bags - $20.

2 Responses to “with last week, a 403B clarification”

  1. thriftorama Says:

    We were just wondering what happens to assets when a brokerage is acquired or goes out of business as well. I guess these are the things we have to think about in these uncertain times!

  2. baselle Says:

    Lehman should give you a partial answer to that - Barclays bought its assets. I would expect that ML's assets basically belong to Bank of America.

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