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DeluxeXL t1_iugyhs7 wrote

Roth what? IRA I assume. Are you sure you want to roll over a 403b to a Roth IRA? You may have to pay tax if these came from pretax accounts.

You can have as many Roth IRA as you like. Having more than one doesn't increase your overall contribution limit.

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iputmybigboypantson OP t1_iugymsg wrote

Yes, Roth IRA. I can’t keep the 403b account, so the options as I see it are roll it over into my Roth IRA, or cash out and pay the 50+% taxes and penalties

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bradspits t1_iuh1mlf wrote

You can open a new traditional IRA, since you can’t really rollover from a regular 401k/403b to a Roth IRA without paying taxes on the earnings.

Having both a Roth and a traditional IRA is allowed, but you can only contribute up to the maximum yearly contribution between both.

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DeluxeXL t1_iuh0kgd wrote

You can create a traditional IRA account and roll over to it.

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