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Greetings, Heavyload, and welcome. You wrote:

<<Help! My wife's parents talked her into getting a 403(b) through Oppenheimer to supplement her retirement. After our marriage in August, I took over the finances and realized that she was being charged a 5.75% load. Ouch! My question to the Fools: Is there any way to roll the 403(b) into a different no-load account (e.g., Januss, T. Rowe Price, etc.) without paying a penalty? >>

Maybe. If it's a 403b plan with a match, then she must accept what the employer offers. Otherwise, she can surrender that annuity, pay whatever surrender penalties are involved, and move the net proceeds to another annuity or to a mutual fund that accepts 403b(7) accounts. Also, be aware that some 403b annuities will allow surrender only in increments extending over a ten-year period. She should check with her plan administrator/custodian to see what restrictions apply in her case.

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