inherited 403b
a. Can a 403b be rolled over to a 403b inherited account by a non spouse
or
since the beneficiary is a brother, there is no rollover/transfer?
Thank you,
Douglas
a. Can a 403b be rolled over to a 403b inherited account by a non spouse
or
since the beneficiary is a brother, there is no rollover/transfer?
Thank you,
Douglas
Permalink Submitted by Alan - IRA critic on Fri, 2014-02-14 22:15
The beneficiary could do a direct rollover to another inherited 403b from the same decedent, but the plan would probably not accept the rollover. The beneficiary could also do a direct rollover to an inherited TIRA or inherited Roth IRA, but if that rollover is to affect the RMDs due, it must be done by the end of the year following the year of death. The 403b plan MUST offer the direct rollover. No indirect rollovers are allowed (check made out to beneficiary).