Exactly how you initiate a 403b IRA rollover will be determined by the type of account into which you are rolling your 403b IRA funds. But before we take a look at those rollover steps, let’s review one thing – you aren’t required to rollover your 403b IRA accounts if you’re moving from one job to another. If you’re happy with your 403b, you usually have the option to leave the money where it is without rollover. Changing jobs, however, is a good time to review your financial goals. If you find that you have better options for investing your money, you may want to choose a 403b IRA rollover. (more…)
Posts Tagged ‘Benefits of 403b Rollover’
Protect Yourself from 403b IRA Rollover Tax Penalties
Posted by admin on March 26th, 2010
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…)
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…)
