No. of Recommendations: 0
Hello, all. After lurking on this site for a few weeks and after reading appropriate Foolish tomes, I have decided to yank my IRA funds from the hands of underperforming mutual fund managers into a self-directed IRA account at a discount brokerage. (I am still waiting on pins and needles for the funds to magically appear in my trading account -- I am struggling with unFoolish impatience given the recent short-term market dynamics. Right now I look like the rare, Wise market-timer who actually got the money out at the peak, but I know this illusion will not hold...)
Looking to the future, I have several 403(b) accounts from my life as an itinerant academic that I would like to take control of as well. I have verified my eligibility to roll these funds over into a self-directed IRA and have the forms all ready to go. But I have a question about the destination of those funds. I have read in several places that the money from the 403(b) accounts should go to an IRA account distinct from my other IRA accounts that I started with money that actually passed through my hands. Is this true? Or, should I say, is this good advice? Why should I set up a different account? Is there some IRS technicality I may get caught in later on? Given my retentive nature and the smallish amount of money in the 403(b)s, I would much rather squoosh (a technical term) it all into a single account where I could treat my as yet uncreated portfolio as a continuous whole. Probably a small consideration in the grand scheme of retirement investing, but something to which I would appreciate a response, nevertheless. Thanks in advance for any light you could shed on this topic for me. Later.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.