Did I do the right thing?

[ROMANMAN]

Hello,
* * *This is my first time posting, but have been a long time reader of this site.* I have a question that is probably an elementay question for you guys, but it has been something that has been nagging at me for about three years or so now.* My wife left her previous emplopyement in which she had a 403 b with about 13K in it.* Subsequently upon her leaving the employment we initially transferred the money to a Mutual of America account with out touching the money (for obvious penalties/early withdrawl reasons).
* * *Then about two years ago I took this money and placed it into a roll over IRA account with Vanguard figuring to myself this is tax deferred money and I should be okay.* Was I right or have I done something wrong?* I am not sure if it matters, but she has continued to put contributions on a regular basis to her Roth IRA.* She has 10K (2,000 a year since 2000 and plus her Roth rollover for a total of 25K+)* Did I do the right thig by rolling it over or have I done something legally wrong?* * * * * * * *

[Martha]

Quote:

Originally Posted by ROMANMAN Hello, My wife left her previous emplopyement in which she had a 403 b with about 13K in it. Subsequently upon her leaving the employment we initially transferred the money to a Mutual of America account with out touching the money (for obvious penalties/early withdrawl reasons).

Was this first transfer directly into an IRA?

[ROMANMAN]

Was this first transfer directly into an IRA?

I mis-typed we kept it with Mutual of America...which was the holder of the original 403 b we continued with them without touching the money...Then I rolled the money over to the Vangaurd rollover IRA.

[Spanky]

As you as you rollover to an IRA --

http://www.403bwise.com/wisemoves/irarollover_vt.html

[Spanky]

It is okay to rollover to a qualified IRA (such as Vanguard) from the employer's plan even after two years.

[Martha]

As Spanky cited, you can roll a 403(b) any time after you leave employment into a rollover IRA, you just have to follow the rules. If Vanguard handled the rollover with the original broker, odds are it was done right.

[ROMANMAN]

Thank you for your responses...You guys are great and very responsive to new posts from less informed peolple thanks again....Romanman