: Should I switch from my 403b to an IRA Would it would be wise to stop contributing to my current 403b retirement fund and switch to an IRA? Current Situation: 403b has no employer match . 403b is currently with Fidelity.

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Something to consider when rolling over any retirement account is liability. People seem to always poke at the fees of some retirement accounts and limited options, however depending on the state you are in or the state(s) you plan to live in in the future. Rolling over your account to an IRA could potentially be a bad move for liability reasons. This will vary by state.

As the other post mentioned you normally cannot roll over payroll retirement plans from your employer while you are working with them.

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However I'm already mostly in index funds so I'm not sure how much lower in fees I can go.

There are fees paid to the 403(b) administrator. Compare the fund fees in your 403(b) to the fees you'd pay if it were a plain old IRA.

If they're less in the IRA, then start contributing to the IRA instead of the 403(b).

Even though you can't move your existing 403(b) money to an IRA, since you're earning less than 0K/year (61000 * 0.05 = 3,050) and there's no employer match, you can just stop contributing to the 403(b) and contribute directly to an IRA. The existing 403(b) money would have to stay in the account until you change employers.

Pay attention to your contribution level, though, so as not to go over 00. Your spouse can also contribute to his/her IRA to boost total contributions to K.