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Hope someone can help with this...Pixy?

I am a state employee covered by a deferred compensation plan. I understand that it is not a qualified retirement plan. I may be leaving government employment soon and am trying to figure out what to do with those def. comp funds. Since it is not a qualified retirement plan, I understand that I can't roll it over into an IRA. So, are my only choices then to leave it where it is (poor mutual fund choices, no index fund, etc.) or take the money and pay (GULP) the taxes? Assuming that I do take the money, since I am also covered by a traditional pension, I can't contribute to a traditional IRA, income limits are too high for a Roth, so is my only choice to take 2000 and put in a non-deductible IRA and eat the taxes on the entire amount?

I'd appreciate your comments.

Thanks.......Jo
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