To protect yourself from 403b IRA rollover tax penalties, it’s a good idea to understand that there are two different types of 403b rollovers before you start the IRA rollover process. (more…)
Archive for the ‘Benefits of 403b IRA Rollover’ Category
Why Do a 403b IRA Rollover?
Posted by admin on March 22nd, 2010
Investing for your retirement can feel overwhelming. After all – who wants to sit down and think about how many hundreds of thousands of dollars you’ll need to accumulate in order to retire in comfort and security? Unfortunately – whether or not you want to think about it – retirement planning is a necessary evil, but it’s one that you need to face. And it turns out, it doesn’t have to be as difficult as you may have imagined.
Regardless of how long you’ve been in the workplace, you’ve probably got at least one old 401k or 403b account that’s still invested in a former employer’s retirement plan. Although these funds are still earning interest and growing in these accounts, they could be doing a lot more for you. Let’s look at how a 403b IRA rollover can simplify and streamline your retirement investing process. (more…)
What are the Benefits of a 403b IRA Rollover?
Posted by admin on March 12th, 2010
If you’re employed by a public education organization, non-profit, cooperative hospital service or religious institution, you may be eligible to participate in a 403b retirement plan – the non-profit sector’s equivalent to the traditional 401k account. Like a 401k, 403b accounts offer tax-deferred growth on funds invested for your retirement and, depending on your employer, may also offer matched funds that help your account grow even faster. (more…)
