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    princessfroggie's Avatar
    princessfroggie Posts: 1, Reputation: 1
    New Member
     
    #1

    Apr 15, 2014, 03:15 PM
    403b
    How do I close out a 403b
    ma0641's Avatar
    ma0641 Posts: 15,681, Reputation: 1012
    Uber Member
     
    #2

    Apr 15, 2014, 07:02 PM
    You go to the 403b administrator and tell them what you want to do. Are you aware of the tax liability?
    ScottGem's Avatar
    ScottGem Posts: 64,970, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #3

    Apr 16, 2014, 05:17 AM
    More info is needed. Please define what you mean by close out? How old are you?
    ebaines's Avatar
    ebaines Posts: 12,130, Reputation: 1307
    Expert
     
    #4

    Apr 16, 2014, 05:50 AM
    If you have left the job where the 403(b) was located you can easily roll the account to an IRA without tax consequences. First decide where you want the IRA located (Fidelity, Vanguard, Schwab, etc), establish the account, and then they can take care of asministering the rollover. It's really quite painless.

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