In most cases, the direct transfer is the best 403b IRA rollover option, as you won’t have to worry about handling the money yourself or about whether or not you’ll be able to complete the rollover in time to receive your 20% mandatory withholding back. For this reason, it’s a good idea to discuss your entire 403b IRA rollover options with your financial advisor in order to fully understand all of the rollover rules and regulations surrounding your 403b IRA rollover. Of course, in the case of a direct rollover, you can rest a little easier, as the bank will handle the entire process without your involvement. (more…)
Posts Tagged ‘Direct 403b Rollover’
Setting Up Your 403b IRA Rollover
Posted by admin on April 6th, 2010
If you have a 403b retirement plan and are thinking about transferring the money to an rollover IRA account, you’ll need to make a few decisions before you attempt to complete the 403b IRA rollover process. First, you’ll need to decide what kind of IRA account you’re going to rollover the money into. For example, if you plan to transfer it into a traditional IRA or SEP IRA rollover plan, there won’t likely be any significant change to the amount of money that you’re moving, as no new taxes will need to be applied. This isn’t the case if you’re moving the money to a Roth IRA. (more…)
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…)
