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Subject:  403(b) Blues Date:  10/6/1999  3:27 PM
Author:  Bagdad999 Number:  14285 of 90459

One of my retirement programs, Mutual Benefit Life, a 403(b, went belly up several years ago and was recently resurrected and now being held by SunAmerica. I now have the opportunity to get my hands on this account and was hoping to roll it over into my self-directed IRA account I hold at DLJ. When I went to the broker today to file appropriate paperwork I was told that a 403(b) could only be rolled over into another 403(b) account. I know nothing about the IRS Code for this transaction but it seems to me I 'should' be able to roll this original tax-deferred account into another type of tax-deferred account. From TMFPixie's earlier post it seemed that was possible. Does anyone out there have experience or expertise to address this issue? I would appreciate your opinion. Thanks. Tim
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