403B to IRA rollover
can we rollover more than 1x every 12 months 403b money to IRA. Ie…. 500k 403b and we want to transfer 100k to one IRA and another 100k to another IRA and leave money in 403b? Thank you. Jill Goldman 508-221-3066
can we rollover more than 1x every 12 months 403b money to IRA. Ie…. 500k 403b and we want to transfer 100k to one IRA and another 100k to another IRA and leave money in 403b? Thank you. Jill Goldman 508-221-3066
Permalink Submitted by Alan - IRA critic on Thu, 2019-10-24 19:40
No IRS problems since the one rollover limitation does not apply to funds distributed from a qualified plan or 403b. Of course, the 403b plan must itself allow such partial rollovers after separation from service. Some do not. And if the participant is still active, there are more situations where in service rollovers would be limited.