distributions/rollovers

[k man]

the scenerio is this...a participant in a 403(b)wants to continue to defer into the 403(b) but take distributions annually and roll them over to a 401(k) plan. he is over 59 1/2. my thinking is that he could do it but i dont know much about 403(b) plans.

[JanetM]

I don't see that you have distributable event that will allow for an annual distribution. If any of the amount in 403b is from rollover he can move that.

[Guest mjb]

he needs to check w/plan administrator or provider to see if in service distributions are permited. Sal reduction money can be withdrawn at 59 1/2 under IRC.

[k man]

he needs to check w/plan administrator or provider to see if in service distributions are permited. Sal reduction money can be withdrawn at 59 1/2 under IRC.

mjb and janets answers seem to conflict. assuming the document allows for in service and the participant is age 59 1/2 can they take distributions and roll them to another qualified plan?

[Guest mjb]

See IRC 403(b)(8)(B).