Recharacterization of 403b to IRA to enable gifting

Submitted by Ronald Blaum on Sun, 2016-10-30 14:29

Client wishes to take advantage of annual IRA gifting, however their account is a 403b. My question is if the 403b is recharacterized as an IRA so that IRA gifts can be made, will this constitute as a rollover should it also involve a change of custodian?



Submitted by Alan - IRA critic on Mon, 2016-10-31 00:23

Is client still working? What is the client’s age? Are you referring to a QCD?



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