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Subject:  Re: 403B/Deferred Compensation Date:  2/24/1999  4:46 PM
Author:  TMFPixy Number:  8772 of 88011

Dweiss3 asks:

<<Is a 403B account considered a deferred compensation plan? In other words, can the account be rolled over to an IRA when my wife leaves the school system?>>

Yes, as Ataloss says, a 403b account is considered part of a qualified defined contribution plan to which you may defer part of your compensation. As such, it is fully eligible for transfer to an IRA when the participant leaves the job. When that time arrives, your wife's plan administrator and her desired IRA custodian can guide her through the administrative steps to transfer the account to the IRA.


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