for questions that relate to a 403(b). A 403(b) plan is a U.S. tax-advantaged retirement savings plan available for public education organizations, some non-profit employers, cooperative hospital service organizations, and self-employed ministers in the United States. It has tax treatment similar to ...

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-2
votes
1answer
84 views

Setting up a 401(k) like fund

I work at a non-profit, and we've had our yearly benefits survey. One employee mentioned the possibility of starting a low-cost, organization administered pension fund. What we'd "really" like is an ...
4
votes
1answer
61 views

Can a 403b contribution be rescinded?

My wife started a new job very late in 2015. She signed up for the retirement plan, a 403b plan and contributed approximately $200. Now doing our taxes, (married, filing jointly) we find we cannot ...
4
votes
1answer
66 views

What range of fee should I expect to pay a provider, to convert 401k or 403b to IRA?

We now live overseas and are looking at converting 401k, 403b to IRA. US citizen, resident overseas for a long period. What range of fees would reputable providers charge for this service?
0
votes
1answer
32 views

Any differences between rolling 401(k) versus 403(b) to IRA while working abroad?

Are there any practical differences between rolling a 401(k) versus a 403(b) to IRA while working abroad? Ideally would like to get the same provider to deliver both these services.
3
votes
2answers
61 views

Joint or separate IRA from 401(k) and 403(b), for couple moved abroad

My spouse and I moved overseas. We are considering converting our 401(k) and 403(b) to self-directed IRAs. What would be the pros and cons of combining both, in 1 IRA, versus 2 individual IRAs?
1
vote
2answers
95 views

Does the starting balance of an account affect it's rate of growth?

Given two accounts: Traditional IRA - Current balance $30,000 403(b) - Current balance $0 And contributions of: $400/month * 12 months = $4,800 / year Which account would you apply contributions ...
4
votes
2answers
134 views

Withdrawing a 403(b) account after leaving employment from a company

I left company employment in July 2012 and turned 55 years old in October of that same year. Am I correct in my understanding that if I withdraw my 403(b) account I will, of course, have to pay income ...
4
votes
1answer
100 views

Clarification on 2015 IRA Rollover Limits

I've run into an issue in my personal finance journey that many people now struggle with: having a collection of 401k and 403b accounts left over from previous employers, some of which have been ...
3
votes
2answers
72 views

In a retirement account, is there any reason to purchase deferred annuities now instead of near retirement?

There are lots of sources online that talk about how if you are saving your retirement money within a tax-sheltered account (401k, 403b, etc), you are likely better off with mutual fund investments ...
2
votes
1answer
71 views

403B vesting and giving notice

I have a 403B account that would become fully vested in March. I also have an opportunity to take a new job. If I gave notice before the vestment, but continued working through the vestment date, ...
1
vote
1answer
100 views

Employer rollover from 403b to 401k?

Can an Employer convert from an existing 403b plan (variable annuity) and transfer all assets to a new employer sponsored 401k plan?
6
votes
2answers
847 views

How secure is my 403(b)? Can its assets be “raided”?

I work at a state university and contribute to my 403(b) retirement account on a twice-monthly basis, maxing out the matching funds. I also contribute a smaller amount to another account, after ...
3
votes
1answer
90 views

403(b) and ROTH IRA contribution and rollover

My current employee offers a 403(b) with a Roth option. I also have a Roth IRA. The Roth IRA has a lower annual contribution limit than the 403(b). I have some questions regarding contributions. ...
1
vote
1answer
240 views

What's the difference between a 457(b) and a 403(b) retirement plan?

I'm a graduate student at a public university in the USA (Purdue University). They give me the choice of investing in either a 403(b) or a 457(b) plan. The university does not provide any matching ...
1
vote
1answer
164 views

Can I take money from my 403b to buy a home at 65 years old without penalty

I will be 65 years old in July. My mother died and left my siblings and me her home. Can I use the money in my 403b to buy my siblings out?
4
votes
1answer
7k views

Transferring money from 403B to 401K?

I worked for an employer with a 403b and contributed, but my new employer only does 401k. Can I put the money from the 403b into the 401k? How?
11
votes
2answers
3k views

How do loans against 401k / 403b accounts work?

I'm really clueless about these loans. Who gets the interest? Does the account fund the loan, or are they simply used as collateral? What are the tax implications?
1
vote
0answers
250 views

Are there important differences between a 401k and 403b plan? [duplicate]

Possible Duplicate: How are 401(k), 403(b), and 457(b) tax-advantaged retirement plans different? How are they alike? I work for a non profit and as such my retirement plan is a 403(b) rather ...
3
votes
1answer
348 views

Switched jobs & short on cash. Should I withdraw from 403(b) or borrow from 401(k)?

I switched employers a while back and obviously this resulted in a new place to throw my retirement money. Employer A was an academic institution so that money was in a 403(b), now I'm in your ...
4
votes
2answers
184 views

Vesting of my 403(b) Plan

About 5 years ago, I left my job, after being there only a year. I had a retirement plan at work that apparently had a 3 year vesting period. I did not know that. Apparently the employer did not ...
5
votes
3answers
16k views

Can I use funds in my 403(b) retirement plan for a first-time home purchase?

Can I withdraw funds from my 403(b) retirement plan without penalty, for the purposes of purchasing a first-time home? If not, are there other retirement plans from which I could withdraw without ...