Hi everyone,
Thankfully, wife found a job to a new place. And she will be starting in a few weeks.
She has both Trad 401k and Roth 401k (about 20k invested in 2022).
Now, her new work, allows both 403(b) and Roth 403(b).
My First question is :
A) Should she roll her roth 401k to Roth IRA ( we already have a fidelity account) ?
or, B) should she roll over her Roth 401k to 403(b) roth.
What are the pros or cons of doing one or the other ?
Next question (might be a dumb one:).
We have always done 401k contributions. I am not sure how 403(b) is any different, other than non-profit, universities use them generally. Is there anything 403(b) specific that I should know?
Thanks
Thankfully, wife found a job to a new place. And she will be starting in a few weeks.
She has both Trad 401k and Roth 401k (about 20k invested in 2022).
Now, her new work, allows both 403(b) and Roth 403(b).
My First question is :
A) Should she roll her roth 401k to Roth IRA ( we already have a fidelity account) ?
or, B) should she roll over her Roth 401k to 403(b) roth.
What are the pros or cons of doing one or the other ?
Next question (might be a dumb one:).
We have always done 401k contributions. I am not sure how 403(b) is any different, other than non-profit, universities use them generally. Is there anything 403(b) specific that I should know?
Thanks
Statistics: Posted by haranoth — Mon Feb 05, 2024 7:37 pm — Replies 3 — Views 392