Get 403(b) Plan Distribution, Loan, Exchange, Transfer ...

If your old 401(k) or 403(b) has limited investing options, you can often access a more diversified, low cost portfolio by rolling over your account into an IRA. ... As long as you roll over your employer-sponsored plan correctly, there should be no tax consequences of moving those funds into an IRA.

If you're over age 55 and you've lost your job, whether you were laid off, fired, or quit, you can also pull money out of your 401(k) or 403(b) plan from your current employer without penalty.

For the most part you get to decide what happens to your 403(b) when you quit or change jobs. You may be able to leave your 403(b) with your old employer. Otherwise you can withdraw it, roll it into an IRA, or transfer it over to a new employer.

You can move money from your 401k plan to your 403b plan either through a rollover or through a direct transfer. ... With a direct transfer, the money moves automatically from your 401k plan to your 403b plan. The direct transfer is the simplest option and should be used unless you need to use the money for up to 60 days.

Transfers from SIMPLE IRAsYou may be able to transfer money in a tax-free rollover from your SIMPLE IRA to another IRA (except a Roth IRA) or to an employer-sponsored retirement plan (such as a 401(k), 403(b), or governmental 457(b) plan).

The Rule of 55 is an IRS provision that allows you to withdraw funds from your 401(k) or 403(b) without a penalty at age 55 or older.

The Internal Revenue Service (IRS) says you can roll a 403(b) plan into a 401(k) plan if you work for an employer that offers a 401(k). You can also roll a 403(b) plan into a solo or independent 401(k) plan if you are self-employed.

A. You can roll money invested in a 401(k) or 403(b) as the annuities are into an IRA once you have left your job so if your wife is retired she can consolidate accounts in an IRA.

You generally can't transfer assets from your 403(b) while you're below retirement age and still employed at the organization that offers it. However, if you leave the job, you can roll over the 403(b) to another retirement account like an IRA, a 403(b) or a 401(k) at another employer without paying a penalty.