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Distribution while still receiving contributions?


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Guest AFRICA6796
Posted

My sister is no longer working for the school, but she receives contributions, which they say she will continue to get for five years. (They call it post separation amounts).

Can she take a withdrawal from, her 403(b) or will she have to wait until she stops receiving these amounts?

Posted

Separation from service is a distributable event from 403(b) plans, so a distribution should be permitted.

403(b) plans permit contributions for up to 5 years after separation of service.

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