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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75832  
Subject: Re: converting tsa's to securities? Date: 2/1/2000 3:34 PM
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Greetings, judicleghorn, and welcome. You wrote:

<<We are both educators who have for years been socking away funds in tax sheltered annuities. With recent options of subaccounts, we have been able to choose more aggressive mutual funds, so the accounts have grown well. After reading the Fool's detailed description of annuities, however, I realize that it would be a better option to convert that money into securities. Is there a way to roll over even some of the money without taking a full tax hit? We're 53 now, and hoping to retire in two years. (We can't take the tsa's out until 59 1/2.) >>

I assume you're still working at the job that allows the 403b contributions. If so, you cannot move those funds to a self-directed IRA within which you may trade in individual securities. You must wait until you leave that job to do so.

Regards..Pixy
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