403B rollover to an IRA
Client who is still working for the same school district but her old 403b plan was cancelled and they started a new one.
She’s not 59-1/2 and hasn’t left service.
Can she roll the old 403b plan into an individual IRA or is she stuck having to add it to her new 403b plan?
On her first call to the old 403b she was told the law doesn’t allow it to be rolled to an IRA.
Permalink Submitted by Alan - IRA critic on Wed, 2021-03-24 16:16
They are correct. Some 403b plans will allow an in service rollover at 59.5, but that is not a requirement.