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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: 403(b) Date: 3/4/1998 8:28 AM
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[[My wife is a schoolteacher and has some money in a mutual fund under the 403(b)program. She
has since opened a new contract with another mutual fund and no longer contributes to the original
fund. My broker told me that my wife can open an IRA Rollover account and move those original
funds into it so that she can use them to purchase stock. Is he correct?]]

Check with TMF Pixy in the Retirement Investing folder. Pixy should have a much better answer for you if you provde all of the facts.

It is my understanding that simply because she "switched" investment vehicles in her 403b, she is still not allowed to remove the original funds into an IRA rollover...since she is still working for her employer.

But check with TMF Pixy (who is our resident retirement plan guru) for a more specific response.

TMF Taxes
Roy
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