Yes, you can roll over the funds from your 403(b) plan into an IRA, but there are a few other options that you should think about as well.
You can roll over the funds into another retirement plan, cash out your 403(b) plan, or keep the funds in the 403(b) plan. The decision will depend on your work situation, your investment experience, the costs of various investment choices, and your goals for investing the funds.
Be sure to research how much it will cost to invest. The internal expense ratio of the funds can vary significantly. You may also consider keeping the funds in your 403(b) plan if you are between jobs and do not want to actively manage your investments. You can do so if you have a balance of more than $5,000.
Halbert Hargrove Global Advisors, LLC
Long Beach, CA