Does anyone know if it is possible to roll a 403b account containing an annuity into an IRA?I have been unable to locate any information on doing this so I would guess it is not possible. If it isn't possible, is it because it is a 403b or because it is an annuity?TIA!Harpo
HarpoN writes:---Does anyone know if it is possible to roll a 403b account containing an annuity into an IRA?---Yep. If you contact your 403(b) custodian they should be able to tell you how to set up a direct rollover.For more info, see IRS Publication 571: http://ftp.fedworld.gov/pub/irs-pdf/p571.pdf
Thanks for the info! I really appreciate it.Harpo
[[Does anyone know if it is possible to roll a 403b account containing an annuity into an IRA?]]I'm not an investment guy, but I'm reasonably certain that this can be done. There are such things as IRA annuities, so there should be no problem with such a rollover.Now, as to the point if you really WANT to do this...that is entirely another issue. Having a tax deferral investment within a tax deferred account doesn't make a bunch of sense for a whole number of people. But it may be different for you.TMF TaxesRoySPECIAL NOTE: Remember that this response is not the "last word" on your situation. It is really only a starting point. Make sure to review the "Read This First" post(http://www.fool.com/School/Taxes/TaxesDisclaimer.htm) for additional information. In addition, many of your questions may already be referenced in the Taxes Frequently Asked Questions area. In order to visit the Taxes FAQ area, go to the Fool's Money area (http://www.fool.com/money.htm) and check out "Tax FAQs" in the list box, OR you can jump directly to the Taxes FAQ area (http://www.fool.com/school/taxes/taxes.htm). Additionally, if any references were made to the IRS Web Site, you can get there by pointing your web browser to (http://www.irs.ustreas.gov).
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