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Inherited Annuitized 403b


Guest user99

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Guest user99

Hi,

Client inherited a 403b from a parent.

The contract was annuitized previously. Client can choose:

1) Lump sum distribution

2) Continue annuity payments

The investment provider (TIAA) says that client cannot roll the lump sum to an inherited IRA.

Does this sound right? Where can I get the details?

Thank you

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