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Financial Planning / Tax Strategies


Subject:  Re: Church Retirement Fund Date:  2/12/2013  12:45 PM
Author:  ptheland Number:  117743 of 129776

Does it make sense that one can't EVER do a rollover?

Making sense has nothing to do with it. We're dealing with tax law, not logic.

An IRA or other qualified retirement plan can only accept rollovers from other qualified retirement plans. Since your plan is a non-qualified retirement plan, there is no other plan available that can accept a rollover.

Bottom line - you're stuck with this plan for life.

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