Hi and thank you for your question. I will be happy to assist you.
The most popular online brokers for opening a roth IRA are places like E Trade, Fidelity Investments, Vanguar, Scottrade, etc. Are there certain features you are looking for in these places?
ok, I have a 403 b worth 11,662. I no longer work for that company and want to roll it over. My thought is to roll it into a roth.
ok. Scottrade is offering $100 to roll over your ira with them. Click Here to view the details.
ok, my understanding is that I can only roll over 5k a year. What can i do with the balance of the money to avoid penalties
I dont believe that is correct. You should be able to roll over your entire account.
really, so there will be no penalty?
Im pretty sure. Let me check real quick before I give you a for sure answer.
Alright, you would suffer a penalty if you cashed out on your 401k but there is no penalty to Roll it over.
ok, so its a 403b, be there is no penelty?
Thats correct. No penalty.
thanks, XXXXX XXXXX the typos, typing too fast!