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You need to obey whatever your accountant gave you for written advice. If you lost it, ask him for a copy of it. Why? When you retain a tax professional, and seek and follow her advice, then any penalties which arise out of following that advice are waived by the IRS. IRS nasty-grams are one of two things: Andover being Andover. Doesn't mean they ...


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Generally you want to first max out your employer's match, then max out your IRA, then max out your 403b. Since your employer isn't matching, you should first make sure you can max out your IRA annually, then shift to putting as much as you can into your 403b. The reason to favor the IRA over the 403b is that generally you can get much lower costs in a ...


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No, you cannot put money into a 403(b) plan (or a 401(k) plan) from your bank account; the money has to come from payroll deductions made by your employer (who sponsors the plan) from your paycheck, and sent directly to the plan administrator for depositing into your 403(b)/401(k) account or investing into whatever mutual funds that you choose from those ...


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