In general, 403b accounts have a relatively limited membership base. If you’re lucky enough to be part of a nonprofit or if you were hired by an educational organization, you’ll be eligible to participate in this type of retirement account. However, if you leave a 403b eligible position and want to take your savings with [...]
Retirement Money outside your 403b Rollover IRA
Posted by bobrichards on May 17th, 2010
YY2XVZ76VG92 When you begin taking withdrawals form your 403b IRA Rollover assets, consider tapping into the taxable rollover accounts first. Here’s why: Your tax-sheltered 403b rollover should remain tax sheltered as long as possible to continue reaping the benefits of 403b IRA rollover interest compounding on a tax-deferred basis. Money that’s withdrawn from a retirement [...]
Common 403b IRA Rollover Mistakes
Posted by bobrichards on April 30th, 2010
Performing a 403b IRA rollover makes good financial sense. After all, you can likely earn a better rate of return on rollover funds invested privately than through an employer’s limited offerings. In addition, you’ll find that private IRA rollover plans often give you access to more investment opportunities, allowing you to diversify your savings. However, [...]
How to Complete a 403b IRA Rollover
Posted by bobrichards on April 29th, 2010
How you complete a 403b IRA rollover will be determined by the type of rollover that you’re initiating. In general, there are two different types of rollovers – indirect and direct. The good news is that completing a 403b IRA rollover process is a direct rollover rather straightforward – contact the manager of the account [...]
