No. of Recommendations: 1
Before I make a mistake, I figure I had best ask my fellow Fools for some advice. I have a 403(b) through Fidelity with a few thousand dollars. I like this account, seeing as my employer matches my contributions 2 for 1. However, American Express is offering a fee-free IRA for life if you open an account with $2000. I have the cash, but it is slated for a down payment for a house so I'd rather not fork over that much if avoidable. My question is this: can I rollover a portion of my 403(b) to Amex? Can I do this without incurring a penalty? If I can, is it Foolish to do so?

Fool on!

Mike
Print the post  

Announcements

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!
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.