Things You'll Need
Get in touch with your 403(b) plan administrator. If you are leaving your employer, you may be provided with information on whom to contact about your account.
Ask her to make a direct, or trustee-to-trustee, rollover from your 403b to your Roth IRA. A direct rollover is the easiest way to avoid triggering withholding and tax penalties. Because the money never touches your hands, so to speak, it will not be subject to taxation, and your employer will not be required to hold onto any of your money. Should you elect to have a check for your 403(b) funds mailed to you, your employer will have to withhold 20 percent of the total sum. You will still be required to deposit into the Roth an
amount equal to 100 percent of your 403(b) money, which means you will have to make up the 20 percent difference with money from some other source. Further, to avoid an Internal Revenue Service (IRS) penalty, you must deposit the 403(b) funds into the Roth within 60 days of receiving them.
Withdraw from your Roth IRA with care. You can withdraw regular yearly contributions from a Roth IRA any time you want. But there are restrictions on withdrawing money that was rolled over from an account funded by pretax dollars. For that matter, there are restrictions on withdrawing interest on any Roth IRA deposits. Should you wish to take money out of your Roth, be sure you are withdrawing no more than the principal amount of your regular annual contributions.