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Author: Hillmp Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76074  
Subject: Can I roll a 403b7 into an existing IRA? 401k? Date: 9/19/2005 9:21 PM
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Hi there...I have a few thousand dollars in a 403b7 account at Merrill Lynch. It started accumulating in 2001 when the market seemed to be going nowhere but down, so it's been sitting in cash (for too long, clearly).

I also have both a rollover IRA (from when I left a previous job) and a 401k account.

My question is this....

Can I roll the 403b7 funds into either the IRA or the 401k without incurring some sort of fine or penalty? Or does it have to go into its own separate account?

If there's a better board for me to post this question to, let me know.

Thanks for your consideration and any help you can offer,
Hillmp
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Author: sunrayman Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 47627 of 76074
Subject: Re: Can I roll a 403b7 into an existing IRA? 40 Date: 9/19/2005 9:34 PM
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If there's a better board for me to post this question to, let me know.


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Hi Hillmp, you might want to try posting your question on Tax Strategies

http://boards.fool.com/Messages.asp?mid=23052609&bid=100155

where they are pretty knowledgeable about retirement plans, rollovers, taxation considerations, etc.

sunray
401k & IRA guy



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Author: joelxwil Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 47629 of 76074
Subject: Re: Can I roll a 403b7 into an existing IRA? 40 Date: 9/20/2005 8:21 AM
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You can roll over a 403b to a rollover IRA.

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Author: Hillmp Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 47671 of 76074
Subject: Re: Can I roll a 403b7 into an existing IRA? 40 Date: 9/20/2005 8:37 PM
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Joelxwil,

I appreciate your response, but can I get a clarification?

Can I roll it (i.e. combine it into) my existing rollover IRA or do I have to roll it into a separate one?

Thanks,
Hillmp

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