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<< This IRS agent had me almost in tears. She was saying that I could not take my 403b fund or my pension fund and "roll" it over into an IRA. She said that now I would be subject to the tax on all that money and I would also exceed the yearly maximum IRA contribution and would be penalized 6 percent. I frantically called my financial advisor and she told me the IRS agent was mistaken. After reading your post, I now understand that what I did was a direct transfer and was not related to any kind of rollover. I can sleep better tonight knowing that the IRS isn't coming after my retirement nestegg. >>

It's sad we can't get better advice from those who are paid to know better. But I'm pleased you didn't make a mistake or act on the poor information you received. Perhaps we'll get better service from the IRS someday so we can all sleep better. I doubt it will happen in my lifetime, though.

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