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Home > Reader Questions > Should I Roll Over My 403(b) to My 401(k)? – Salvador

Should I Roll Over My 403(b) to My 401(k)? – Salvador

5 years in present employer.with GREAT 401k retirement plan … 2 years in previous one with so so plan

worked at a place for 2 years with a 403 b retirement plan… there are $2100, right now and for the past 6 years im in a good place with great 401k plan… can I cash out on the previous plan or should I roll over ?
what is the process if I want to cash out ?


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  • Msullivan


    You certainly can cash out the 403b but why would you? Unless you are at least 59 1/2 (or 55 under some 403b provisions) you will pay taxes plus a penalty. if you are not happy with the plan’s performance why not just role it over into an IRA?

    Any financial institution that offers IRAs will be happy to take care of the details and you will still have the cash in a position to grow for retirement. That also means you will not have all your eggs in one basket (your 401k) which can be a good thing.

    If you insist on cashing out, just send the request in writing to the plan. 

    Good Luck!

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