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Reply to "Convert 403B to IRA? "
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[quote=Anonymous][quote=Anonymous]Look into a good mutual fund company like Vanguard or Fidelity. Figure out what funds you want to invest in. And then call them up. They will deal directly with your 403b administrator and get the funds transferred directly. By having it done that way, you don't have to worry about a tax penalty. If you get it sent to you and then send it to Fidelity or elsewhere, you have to do it in a 60-day turnaround time, I believe. It's just easier to have the investment company you select do it directly, so you don't have to worry about any tax implications. You cannot co-mingle funds. The company you select will open up a Rollover IRA account. It will be separate from any regular IRA account you have. Don't deal with Edward Jones or Charles Schwab, just call the mutual fund company direclty. It's cheaper that way.[/quote] OP here, thanks![/quote]
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