What state are you in, and are those 403(b) plans governmental? Generally employer plans are protected from creditors, whereas IRAs may not be. California is an egregious example, where the IRAs are fair game in case you lose a law suit (think at-fault accidents exceeding the limits of your auto liability insurance).
A secondary consideration is the distribution fees. My 401(k) plan for example, charges a flat $25 fee for each withdrawal from the plan regardless of the amount. But if the money were in an IRA, at least I assume that there would be no fees for monthly withdrawals from the nest egg for living expenses.
A secondary consideration is the distribution fees. My 401(k) plan for example, charges a flat $25 fee for each withdrawal from the plan regardless of the amount. But if the money were in an IRA, at least I assume that there would be no fees for monthly withdrawals from the nest egg for living expenses.
Statistics: Posted by lakpr — Thu Oct 31, 2024 12:31 am — Replies 2 — Views 100