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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25242  
Subject: Re: 403b or Roth IRA? Date: 1/4/2014 7:47 PM
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No load mutual funds from Vanguard and/or Fidelity are usually a good choice for your Roth IRA. Vanguard's 500 Index Fund, ticker VFINX, is a good one to begin with or consider a total market fund like VTI.

It is possible to move your Roth IRA to another custodian, but often your insurance company Roth will have your money in annuities that have surrender charges until a specified date. Check out those fees and understand when they expire before moving your funds.

However, note you can put this years (and until you file income taxes last years) Roth contribution to any account you want. So you can start a second Roth at a different custodian if you wish. Your total contribution to all of your Roth IRAs (and traditional IRAs if you have any) must not exceed the max for your age group, usually $5500.

With no advantages for your 403b, I should think you would want to max your Roth contribution first, and then do 403b if you have the resources.
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