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URL:  http://boards.fool.com/i-have-a-403b-which-i-want-to-roll-over-to-a-15142068.aspx

Subject:  Re: 403b Date:  6/10/2001  3:20 AM
Author:  gailkay Number:  51679 of 121061

I have a 403b which I want to roll over to a traditional IRA because it will only allow me to have mutual funds in it. With a traditional IRA, I can put my money into stocks. This is my question, can I do this if my income is above the limits? I know that I will not be able to contribute in the future to the IRA but can I put the money that I have already invested in the 403b there. I have terminiated employment with the company that had my 403b. Thanks.

The rules for distributions from a 403(b) plan are generally the same as for any qualified plan. You might want to read the distribution and rollover sections of Publication 575
http://ftp.fedworld.gov/pub/irs-pdf/p575.pdf
and Publication 571
http://ftp.fedworld.gov/pub/irs-pdf/p571.pdf

I know that I will not be able to contribute in the future to the IRA but can I put the money that I have already invested in the 403b there.

Actually, you can contribute to that IRA if you don't intend to roll those distributed funds into another employer's qualified plan.

Gail


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