Can you roll a 403b account into an IRA once you leave the company?
I think Iāll just leave it alone. At 3%, itās $135, and there isnāt even a life lesson opportunity except for telling DS: āsee, if you had warned me, we could have opted out, and youād have $4500 in your account rather than $4365.ā
Iām going to suggest to my daughter to put some of her summer earning in IRA instead of Roth IRA because if I donāt show there is a slight benefit, Iām not sure this kid will start contributing to her IRA. But I think if I show her hat she gets back more in tax, Iām sure she will contribute.
As long as she contribute to some IRA, Iām happy.
@IxnayBob, your S is going to have the full buffet of retirement accounts just on the basis of this one summer job: 403b, Roth IRA, rollover IRA, backdoor IRA if we let him! Donāt let him start reading this thread!! 
God, thatās a scary laughing icon. Itās gone now!
@AttorneyMother, that laughing icon goes in and out; it is scary though. I think weāll keep him to 403b and rIRA if thereās no way to retroactively opt out.
Itās well intentioned, but why would a kid who will owe zero taxes want a tax-deferred account rather than a Roth of whatever flavor?
@IxnayBob, Iām just guessing, but does the employer auto enroll everyone? Itās a good practice, but perhaps one lost on these ātempā employees. He could roll it out after his job terminates (if the plan will let him), as NRE suggested, and then back it into the Roth. Hey, more forms to complete for you!
The real question that the BHs would want you to ask is whether now you should get him to earn an additional $1000 to max out his 2015 Roth!
^theyāll want me to put him to work over Xmas break. BHs are pretty doctrinaire about that. Youāll note that I posted this on COLLEGE confidential rather than over there.
Yes, and theyāll want to make sure you have properly thought through the asset allocation / bond percentage as well.
On a serious note: Iām sure you remember to have him designate a beneficiary. His sibling(s) would be a good choice. Thatās what I told my 20-something niece and nephew when I set up their inherited IRAs and Roths.
Does the 403-b have a company match?
^^ I canāt imagine that it has a match. But then again, I didnāt expect that a six week job would have a 403b!
You can have a employee retirement account and still contribute the max (up to the statutory max or your earned income, whichever is lower) to your Roth IRA. We did that for S. He contributed them max for all his employee retirement accounts and then maxed his tIRA too.
Automatic enrollment to 403b is an option to the employer. Once chosen all have to auto-enroll unless you opt out. Most employers choose auto enrollment, if they have a match.
Hoping the best for your son. Do let us know.
Just got the book āWhat Color Is Your Parachute? For Retirementā I like it.
Job is getting more chaotic by the day.
I may be retired sooner than expect. 
:ar!
Fortunately, we have only one more semester of college to pay for.
Finances for us continue to look sunny and good, bar a major disaster.
DD had a good internship interview today for Summer 2016 (praying!), and other DD will graduate May 2016 in nursing. We have an appt with our financial guy after we have a group āhalf time reportā - so we can keep our finger on the financial pulse.
Anyone have some insight on what is going on with the bond scene? I know many are affected by mixes with stuff including Puerto Rico. Prudential Total Return Z went down in value from 4/1 to 6/30 by 1.88% which brought our account down by 0.04% for that period, but still up 4.11% since Jan 1. 24% of our holding is in this, PIMCO (PTTDX).
@notrichenough hope the rest of your week gets better.
@notrichenough , Sorry about the work-related angst. Keep the toothy grin going. 
Anyway, this article landed in my mailbox ā Michael Kitces on how to evaluate taking a pension vs. a lump-sum. For all you lucky folks who have pensions, happy reading:
@AttorneyMother, you donāt get off of the analysis hook so easily. A mirror decision to lump/pension is the decision as to how much to annuitize your nest egg.
My company is a textbook case study of the perils of crisis-driven management. Itās like watching the Titanic hit the iceberg in slow motion.
It is a tiny company so some of this is not unexpected. Iām starting to wonder if my job still be here in a month or two.
But I almost donāt even care. Iād be the most upset about losing my 3 mile commute.
I figured this might be my last high tech job before I retired, what with age discrimination and whatnot. Was hoping to get another year out of this gig, but weāll see.
@IxnayBob, I was merely sharing the article.
I aināt got a dog in this hunt <-- spoken in Texan. If you have issues with Kitcesā analysis, graphs and charts, then you can take it up with him or see what the BHs have to say once they get their hooks into the article. I do not plan to ever read the article unless I have somehow failed to realize either H or I will get a pension.
No doubt others in this thread will comment.
@notrichenough , Age discrimination? Perish the thought. Though if you are serious in your concerns, you should sort out some things.
ETA: And, by āthings,ā I donāt mean items in your office. Just to be clear.