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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 75777  
Subject: Re: Transfering Annuity Funds Date: 1/20/2000 7:46 AM
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Greetings, Windknot, and welcome. You wrote:

<<From 1974-1990 I made monthly contributions to a TSA which now is worth about $31,000. I would like to re-invest a large chunk of this into the stock market, but am wondering what the tax consequences such a move would have for me?>>

Assuming this is an old 403b plan from a prior employer, there shouldn't be any reason you cannot surrender the TSA and have the net proceeds transferred to a self-directed IRA at the broker of your choice. Both your present custodian and the broker can guide you through the necessary steps to do that without any tax impact to you.

Regards..Pixy
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