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Author: bentley1 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75401  
Subject: 403(B)s and 401K Date: 9/28/1998 4:20 PM
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Please Help. I have two 403(B) accounts through former employers that are loosing money with out the fees. I also have a small 401k (nonvested) with a present employer that I have stopped adding money to because it was showing losses even in June of this year. Is there any way that I can get out of these accounts without taxes/etc. that will kill me. So far fund managers say that I am stuck with them.

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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 5702 of 75401
Subject: Re: 403(B)s and 401K Date: 9/28/1998 5:01 PM
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Greetings, Bentley1, and welcome. You asked:

Please Help. I have two 403(B) accounts through former employers that are loosing money with out the fees. I also have a small 401k (nonvested) with a present employer that I have stopped adding money to because it was showing losses even in June of this year. Is there any way that I can get out of these accounts without taxes/etc. that will kill me. So far fund managers say that I am stuck with them.

As far as your current 401k with your present employer, you're gonna be stuck with that until you leave that job. The 403b accounts, though, may be eligible for transfer to an IRA of your choice. That's because you no longer work for those employers, and most plans -- but not all -- will let you transfer that money when you no longer participate in them. Check with your 403b plan administrators to see if those plans do. If so, just have them sent to the IRA of your choice.

Regards.....Pixy

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Author: bentley1 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 5746 of 75401
Subject: Re: 403(B)s and 401K Date: 9/30/1998 5:44 PM
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thanks for your answer. I was just told that I may not be able to convert either of my 403(B) accounts because the are annunity accounts and cannot be converted to a 'reqular" account. If this is true my second question about avoiding tax on this pretax money is not necessary.Thanks in advance


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