Questions tagged [403b]
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 a 401(k).
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Can I cash out my 403b any time after I leave the country?
I'm British and will be moving back to the UK soon. My current employer pays into my 403b. When I leave I'll probably take it with me, although I accept this will come with penalties and taxes. I was ...
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Am I really required to set up an Inherited IRA?
Due to death of a parent, I am beneficiary to a defined contribution employer retirement plan of type 403(b). The assets are pre-tax, a dozen or so mutual funds with names like "Stock Index Fund&...
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How do I check when my 403(b) balance will be 100% vested in Transamerica?
I have a 403(b) plan in Transamerica with a balance that hasn't 100% vested yet. How do I check how long it will take for my balance to be fully vested in a Transamerica 403(b) account?
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Is the value of a 403b measured including or excluding contributions
I'm trying to gauge the true change in value of a 403b account.
When looking at the return or yield percentages reported in the 403b account page, are these numbers based on including contributions ...
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What options, if any, exist for a penalty-free transfer/rollover of a TIAA 403(b)?
My previous employer was a university with a TIAA 403b. Now that it's been over a year since I left, I am interested in transferring some or all of those funds to Vanguard, with whom I've had a Roth ...
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Why would anyone choose 403b over 457b?
Some employers offer both 403b and 457b as retirement plans. I looked at them, and it seems they are very similar, except that 457b does not have early withdrawal penalty. It seems 457b is better than ...
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Investment choices for 403(b) and 401(k): How to predict future performance?
My wife and I are in our 30s and live in the US. We have several retirement accounts, which include an old 401(k), her current 401(k), and my current 403(b).
These 3 all allow us to choose our ...
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Are funds in 403b accounts and Social Security secure in the event of a depression?
Are funds in 403b accounts in the event of a national depression, such as in the 1920s, secure, or are they lost? And since a depression involves the whole nation, Social Security will end, correct?
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Does employer matching in a 403(b) account count toward the individual IRS limit?
I would like to contribute as much money to my 403(b) as possible this year, and I certainly want to take advantage of any employer matching. It is my understanding that employer contributions do not ...
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Excess contribution to 403b
We had 39000 taken out from our payroll last year and put into the company 403b plan. Now we realize that this is more than the 25000 allowed. (19000 + 6000 over 50 years old) How can we handle ...
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RMD Penalty Waiver
We accidentally neglected to take the RMD from one of our two 403b retirement accounts. As soon as we realized this, we had an accountant help us fill out a 5329 form for each tax year. He advised us ...
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Roth 403b vs Roth IRA [duplicate]
Currently my employer offers a Roth 403b plan that I have been contributing to. I wanted to know if it makes more sense for me to contribute to the Roth IRA first rather then the Roth 403b? I ...
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Can I put money in a Roth 403b from my bank account instead of doing a monthly paycheck deduction?
I have a Roth IRA and a Roth 403b through Fidelity. For the IRA, I know I can put money at any time from my bank account into it. However, I don't know how to actually do it for a Roth 403b. Is the ...
user82401
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Traditional IRA in addtition to other employer provided retirement plans
I have a 401(a) and contribute to a 403(b)(aka in private sector as 401k) at max rate. I read at educational tax site that one can contribute to both 403(b) and Traditional IRA as the contribution ...
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Should I use 403b while filing 2555
I am a US citizen and have started a new job working at a US university. However, I live outside of the US and am considered domiciled permanently abroad (I have a "Bona Fide" residence outside of ...
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When will i get my defined contribution and 403b match?
I started working at this org at the end of January. I was wondering when I will be eligible for the defined contribution plan, and the 403b match. I am kind of confused, thought maybe someone could ...
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Moving my Roth IRA to a different Roth IRA custodian
I currently am funding a 403b but it is Roth Basic from my employer. I also have a Roth IRA from Vanguard that only has 1300$. Does the Roth that I put into the 403b count towards that 5500$? And or, ...
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How does my Defined Contribution pension plan work?
I am a new employee and I was wondering if someone can help me understand what this defined contribution retirement plan means for me.
My org says after 1 year of service with 1000 hours and being 21 ...
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Difference between 403(b) and 401(a)?
I currently am working at a non-profit organization, and I am trying to figure out what the difference is between the 403(b) and 401(a).
I am trying to decide whether I should have a percentage of my ...
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Should I begin investing in a 403(b)
To start off, I'm very naive when it comes to these issues. I know virtually nothing about retirement funds.
I'm 24 years old, and currently in my second year of a gap between undergrad and PhD ...
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Taxes on 403(b) vs IRA
My company provides a 403(b). Naturally, money from my paycheck goes directly into my 403(b) before taxes. After recently filing for taxes, I noticed you can take deductions on IRA contributions. So, ...
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Should I switch from my 403b to an IRA
Would it would be wise to stop contributing to my current 403b retirement fund and switch to an IRA?
Current Situation:
403b has no employer match .
403b is currently with Fidelity.
I am young and a ...
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What to move investments to before a crash?
Assume that I'm being very pessimistic and that I'm assuming that the stock market rush leading up to the 1928 crash is a predictor of a similar major "correction" coming for the current 2018 market.
...
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403b employee contribution misclassified as employer contribution
My wife recently set up a new 403b account. Her employer gave her a choice between two 403b account providers. My wife was the first employee to set up a 403b account with one particular provider ...
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Understanding 403(b) plans and Pension Plans
A company that I worked for long ago stopped mailing retirement savings statements or any info about my account. It took about a year for me to notice. They first switched from quarterly to bi-...
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How mandatory do 403(b) plans have to be before they are no longer considered elective?
From the 403(b) documentation:
The following types of contributions can be made to 403(b) accounts.
Elective deferrals . These are contributions made under a salary
reduction agreement. This ...
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Questions on retirement saving plans for non-resident aliens
I am a German citizen that started working as a postdoctoral researcher at a University in the U.S., being on a J1 visa.
Part of my benefits package includes an employer match that I can make use of ...
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Retired, want to buy a mobile home; how to finance?
I have 125,000 in a 403b and just retired. I plan on relocating to Florida and want to purchase a mobile home that costs 45,000. How can I finance the purchase? A mortgage with my credit union with ...
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Increase W4 Exemption + Increase Retirement Contribution
I'm currently maxing my 401(k) contributions ($18k) and funding my and my wife's Roth accounts ($5500 each). She's currently only contributing $200USD/mo to her 403(b).
Due to us owing an extra $...
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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 ...
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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 ...
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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?
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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.
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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?
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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 ...
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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 ...
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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 ...
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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 ...
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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, ...
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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?
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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 ...
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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.
...
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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 ...
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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?
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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?
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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?
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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 ...
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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 ...
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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 ...
David
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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 ...
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