I have several school teacher clients that have been putting pre-tax dollars into a 403b-7 account that is constantly losing money. I set up a fixed annuity account to transfer the account to but the mutual fund broker dealer will not transfer unless the client has a qualifying evert,(quit-retire-or die)
The annuity company will accept 403b money but the broker dealer will not transfer. I have done this several times in the past but now they are saying it must require the qualifying event. How can I effect this transfer? Can they insist on this requirement? Client is not yet 59. JG