Company 401k Plans: Re: 403B rollover
- allancoleman
This archived discussion is "read only".
For the corresponding "live" discussions, post in the active topic forum here.
» allancoleman - Re: 403B rollover
In response to 403B rollover posted by gimpy13323:hello gimpy13323 ,
the tax consequesces are pretty much the same with distribuions from either your traditional IRA or your 403(b) : everything coming out of a deferred account such as a IRA or 403(b) is considered ordinary income and will be taxed at that year's tax backet .
suggest you buy the 7th edition ( january - 2006 ) of Nolo Press's book , " IRAs , 401(k)s , & Other Retirement Plans - Taking Your Money Out " , available at ( http://www.nolopress.com ) . i received my copy just this week and it's excellent , as usual . it's probably the only other source i'd be comfortable with figuring out the IRS consequesces of your decison . also IRS publication 590 is the ONLY source the IRS will use for all their rulings on your decision .
good luck in your sound decision .
-- posted by allancoleman
Please follow the guidelines set forth in the Suite101 Posting Etiquette when adding to the discussion.