Should I roll over the funds in my 403(b) account to an IRA?

I have $155,000 in a 403(b) account from a job that I retired from in September. I am 66 years old and won't need to withdraw from it until I'm 70 years old. Should I leave it where it is or roll it into an IRA?

Retirement, IRAs
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January 2018

Good question.  Given the fees still prevalent in the 403(b) world today, it might be better to roll into an IRA.  Many 403(b) plans are set up as Tax Sheltered Annuities or Group Annuities.  These often come with some form of surrender schedule, and also higher fees.  I would suggest having a financial advisor review a statement or do a joint call with you and your current 403(b) provider prior to making any moves.  You will want to make sure there is no penalty from the current provider if you roll the account into an IRA.  If you do not have an advisor then consider a fee only financial advisor who is considered a fiduciary, and required to act in your best interest.  Please let me know if you have follow-up questions.

Good luck to you, and congratulations on your retirement!

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