Nickolas Tenor, CFP®, AIF®
Halbert Hargrove Global Advisors, LLC, Long Beach, CA
It’s true that you can rollover the funds from your 403(b) system into an IRA, but there are a few other options that you should think about as well.
You can rollover the funds into another retirement script, cash out your 403(b) plan or keep the funds in the 403(b) plan. The decision will depend on your post situation, your investment experience, the costs of various investment choices, and your goals for investing the funds.
Be inescapable to research how much it will cost to invest. The internal expense ratio of the funds can vary significantly. You may also study keeping the funds in your 403(b) plan if you are between jobs and do not want to actively manage your investments. You can most often keep the funds in your existing account if your balance is greater than $5,000.