No. of Recommendations: 2
While ultimately you'd like your money in a Roth IRA, assuming your current income level makes you eligible for that vehicle, you are not allowed to put your 401K money there directly.
The correct procedure is to roll the money from the 401k to a traditional IRA. Once it is there, you can then convert to a Roth IRA, paying tax on the converted amount.
The IRA gives you far more options than a 403b account; only laziness or completetrust in your new employer would be excuses for the last option.

Yes, transfer to an IRA, and yes, when you transfer to the Roth you will have to pay taxes for that year.

Best wishes, Chris
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