Jump to content

ROTH IRA vs. 403(b) - dump one altogether?

Recommended Posts

Hi there,


How are you.  I have both an active 403(b) account as well as a ROTH IRA, and I’m currently contributing to both.  I was wondering - is this a smart move?  Should I be contributing way more money to one versus the other?  Should I close one of them altogether and place all of my money into the other?  What would you do?  Oh….and another last question - I read that, if you have a 403(b), that you should get rid of all monies placed into annuities - the article said that annuities do not make fiscal sense to be invested in (within your 403(b) ).  Any thoughts on that.  Well….any advice that you could send my way would be greatly appreciated. 


Take care, James

Link to post
Share on other sites

You have one tax-deferred retirement account (the 403b) and a post tax retirement account (the Roth IRA). You can't commingle the accounts without paying some sort of penalty. Well, I suppose you could move the Roth to the 403b and take a one time writeoff of taxes (consult a tax pro on this). I'm not a fan of annuities because as Ken Fisher once stated they are good for the investment firm but not for the investor.


There's talking heads who claim you should only do Roth IRAs because taxes will double/triple/quintuple by the 2030's. I don't buy into that, besides we're supposed to melt down into a huge molten fireball by 2029 anyway.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Member Statistics

    • Total Members
    • Most Online

    Newest Member
  • Create New...

Important Information