I thought I’d make myself useful today by filling out the paperwork to move the contributions I made was forced to make to Mississippi’s state retirement plan to my personal IRA. This is not an easy task:

• One form (Form 5) needs to be witnessed by two different people, in addition to me, then approved by the University of Mississippi HR department, then shipped off to Jackson for paperwork pushing.
• A separate form (Form 5C) does not require witnesses; however, I have to get the custodians of my existing IRA to approve the rollover, then have the form shipped off to Jackson for additional paperwork pushing. This would seem to be a relatively trivial exercise, except the closest branch of the credit union I have my IRA with is in lovely Picayune, Mississippi (best known as “the place all the signs on I-59 say you’re going when you’re actually headed to New Orleans”), which is about 6 hours from here.

I have thus decided the sensible course of action is to defer further action until I find out whether I’ll end up being a state employee again in the fall—the odds of that are rather slim, but one more year of state employment would be sufficient for partial vesting in the plan, thus making this entire exercise financially counterproductive.