Author Topic: 403(b) rollover  (Read 1425 times)

IronHelix

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403(b) rollover
« on: April 05, 2012, 06:57:58 AM »
I am looking for some advice regarding a recent change at my workplace.

I work for a small non-profit hospital that provides full time employees a employer matched 403(b). Just recently they have stopped the employer matching aspect of the plan and this has me considering possibly moving the roughly 5k of funds to a Roth IRA.

I have been reading and researching this option and what it involves, but I am hoping there is more advice and wisdom some of you could provide to help me make a good plan so I don't improperly manage or make some serious mistakes.


trammatic

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Re: 403(b) rollover
« Reply #1 on: April 05, 2012, 09:26:47 AM »
I'm pretty sure you can't roll-over money from a 403(b) until you leave the company.  You could stop your contributions to it and open a Roth instead.

IronHelix

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Re: 403(b) rollover
« Reply #2 on: April 05, 2012, 09:34:58 AM »
I thought one you were vested you could do what you like with the account?

edit: a little more reading on my part and turns out you are correct. Thanks!
« Last Edit: April 05, 2012, 09:38:06 AM by IronHelix »