Can I rollover a 403b to a CD without suffering the penalty?
You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “Can I rollover a 403b to a CD without suffering the penalty?”.
Filed under: Retirement Planning
Like this post? Subscribe to my RSS feed and get loads more!
No.
It needs to be rolled over to an IRA.
If you cash it out and put it in to a CD, you will pay taxes and a 10% penalty.
If you want to pay a boatload of taxes today, go ahead and do this