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trail52 writes:

I recently read the series on rollover and transfers of IRA's. However I am still seeking an answer to the following. My wife has two 403b accounts that we would like to transfer to our online broker. Can we transfer these two into one IRA? I have received conflicting answers from my broker and I am in need of a clarification. We also have a deductible IRA, can this be transferred to the new account with the 403b's or will it need to be transferred to a seperate account?

I reply:

If your wife has separated from service, then you can transfer her 403(b) accounts into a single traditional IRA. However, if you may be interested in the future in placing the money in a future employer's plan (there can be reasons this is a good idea, although they're not that common), then you might want to keep them in separate accounts. TMFTaxes posted on July 6 that for each separate conduit IRA account, the decision to tranfer money into a new employer's plan is "all-or-nothing." But you can transfer the money from one account while choosing not to transfer the money from a second account. --Bob
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