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MBeck

403(b) Pre-1987 Grandfathered Contributions

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I have two separate 403(b) TSA's. Both have grandfathered pre-1987 contributions. I am currently 71 years old. Can I transfer these two 403(b)s to a new custodian and combine them into one new 403(b) and still maintain the grandfathered contribution amounts so that portion is subject to the minimum required distributions begin at age 75?

 

Likewise, if I transfer these assets to an IRA, can I maintain the grandfathered amounts that are subject to age 75 RMD's?

 

Thank you for your help.

 

Mark

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You maintain the age 75 rule if you do a transfer from 403b to 403b. You can accomplish this by consolidating all of your pre '87 amounts into one 403(b) account. Make sure to keep careful records so that you can prove said amounts are not subject to RMD until age 75.

 

You lose the age 75 rule if you do a transfer from 403b to an IRA.

 

Peace,

Joel

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