How do I go about, withdrawing money from my 403(b) upon separating fr

[Guest mmh]

I am employed by a NFP and am enrolled in a 403(B)...TIAA-CREF to be exact. I am planning to leave my employer in the near future, and I am wondering what/if any options exist that would permit me to access the funds in my 403(B).

[Guest STLGiant]

You need to contact your financial advisor, or your local Certified Financial Planner chapter or Life Underwriter's Association for advice from an advisor in good standing. Depending upon your age, and whether your separation is retirement related their may be penalties should you access your 403(b) account.

So to limit your tax liability you may want to consider rolling over your 403(b) into an IRA, ONLY IF YOU TRULY NEED ACCESS TO THE FUNDS. Your advisor can better assist you and your situation.

My best advice would be to not touch your money and let the power of compounding interest benefit you and your beneficiaries.

[Guest LFrankel]

Your options will also depend on what the plan allows you to do after you leave the organization. However, I agree with the view to leave the money alone.