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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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1answer
49 views

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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4answers
74 views

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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2answers
89 views

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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1answer
186 views

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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1answer
2k views

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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1answer
125 views

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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2answers
97 views

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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4answers
338 views

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. ...
4
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1answer
78 views

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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1answer
62 views

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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1answer
268 views

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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0answers
113 views

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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1answer
89 views

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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2answers
118 views

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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1answer
100 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 ...
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1answer
102 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 ...
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1answer
101 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?
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1answer
167 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.
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2answers
127 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?
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2answers
113 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
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2answers
1k 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
134 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 ...
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2answers
88 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 ...
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1answer
94 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, ...
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1answer
225 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?
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2answers
2k 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 ...
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1answer
135 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. ...
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1answer
562 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 ...
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1answer
225 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?
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1answer
11k 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?
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2answers
4k 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?
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0answers
262 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 ...
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1answer
436 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 ...
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2answers
385 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 ...
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3answers
21k 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 ...