Season 14 · Episode 419
403(b)/457(b) Basics: Exchanges & Transfers
Teach and Retire Rich · Daniel Otter, PhD and Scott Dauenhauer, CFP®
March 27, 202645m 47s
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Show Notes
We dig into how to move money to a better employer vendor. In the 403(b) world this is called an "exchange." In the 457(b) world this is called a "transfer."
How to intiate an exchange/transfer from one employer vendor to another
- Determine compliance administrator
- Determine if exchanges/transfers are permitted (almost always are)
- Determine what new vendors are available (see 403bwise rating system)
- Contact current vendor and ask for paperwork for an "exchange-out" "or "transfer out"
- Open account with new vendor
- Ask new vendor if exchange/transfer paperwork is needed
- Check if compliance administrator requires paperwork
- Follow all instructions carefully. Exited vendor often unhelpful. Stay on top of process.
- Support for exchange/transfer process: The 403bwise Facebook Group
- Join Us on April 5, 2026 for a Special Announcement. Info here
- Learned by Being Burned (short pod series about K-12 403(b) issues)
- 403bwise.org
- Meridian Wealth Management
Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).