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Ithacat,

<<Ok, if I'm reading things right: one can not transfer funds drom a 403b to a self-directed IRA unless one is 59 1/2, terminates employment, or in the case of Salary Reduction Agreements, has a financial hardship. Is this the jist of it? Is there no hope of ever being able to trade through one's 403b (or transfering to a IRA) if one is younger than 59 1/2 and still working for the same organization?>>

You have got it down correctly. The law is explicit. A 403b plan monies may be invested in annuities and/or mutual funds only. While you are still employed by the organization offerring that plan, under normal circumstances you cannot move it to any other type of investment or IRA.

Regards....Pixy
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