Guest cyber Posted March 23, 2005 Posted March 23, 2005 Can anyone help me find a ruling on whether or not you can rollover a Keogh plan into a 403(b)? Someone is annuitizing an old Keogh plan over a 7 year period (due to a much higher contract value than surrender value). She is trying to consolidate accounts and wants her annuity payments to go directly into her existing TSA/403(b). I've contacted numerous advisors and insurance companies, but no one seems to know the specifics. Her current custodian didn't know either...maybe we shouldn't have raised the question. Any help would be GREATLY appreciated.
mbozek Posted March 23, 2005 Posted March 23, 2005 A keogh is a qualified plan. A participant in a keogh plan can rollover assets from to the 403(b) plan if the payment period is less than 10 yrs. mjb
Appleby Posted March 25, 2005 Posted March 25, 2005 Cite IRS Publication 575 and IRC 402© Life and Death Planning for Retirement Benefits by Natalie B. Choatehttps://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/ www.DeniseAppleby.com
Guest cyber Posted April 1, 2005 Posted April 1, 2005 Thanks all, I can't believe the current custodian wouldn't respond without discussing this issue with their attorney. I just wanted to reference the IRC to illustrate portability. Many Thanks!!!
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