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Greetings, Klibra, and welcome. You asked:

I have a 403b from a previous employer. My new employer offers a 403b plan and contributes a modest sum. I understand that as they are parallel vehicles, I am able to transfer the old into the new.

Is there an advantage to doing this? Or, should I transfer the old into an IRA and not co-mingle it with the new 403b I plan to establish?

While you are correct in that normally you may transfer your old 403b into your new 403b, whether you should do so or not really depends on how you will invest the money and the options available in the new 403b plan. If you put the old 403b money into an IRA, you will have a far wider range of investment selections that go beyond mutual funds. So, look at what you can do within the new plan versus what you can and would do outside of it. Then make your decision.

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