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<<So Pixy or anyone else, is there anything to this approach that warrants further investigation or is it just another myth?>>

As far as I'm concerned it's a myth, and in this case more like a shell game. To repeat: While employed at the same place using the 403b, you can't use that money for any other type of investment except annuities and/or mutual funds. The money market moves are within 403b(7) accounts (i.e., mutual funds). Move the money from there to buy stocks, and you've removed the funds from the 403b(7) umbrella. Result: Taxation and penalty if under 59 1/2.

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