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kbetts1 -

You said: "! I know my 403b is a qualified plan and being made up of pretaxed dollars I was told it could not be transfered into a after tax vehicle like an IRA. Also, does anyone know what a conduit IRA is? "

You getting confused here!

You may rollover your 403b into an IRA of your choice upon termination of employment with your school or non-profit employer. The "Traditional IRA" will hold your pre-tax contributions until you do something further.

The term "conduit IRA" refers to an IRA set up for the exclusive use of transferred money (most commonly from a 401k plan). It's useful for a person who later wants to transfer the funds into another 401k plan of a future employer. Think of it as a temporary parking place for your retirement funds between jobs! This "conduit" rule does not apply to 403b accounts - once money leaves a 403b for an IRA it can't return to another 403b. Direct transfer from 403b to 403b are allowed.

Hope this helps... PP
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