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She also stated, "the 403(b) RMD rules won't be met if she goes to a traditional IRA". I forget as it hardly comes up for me, whats the difference?
There is no difference in RMDs between a 403(b) or Traditional IRA. RMDs is a percentage of total qualified amount and can be satisfied with a distribution from any qualified account. But the 10 year distribution on the Fixed side is something I have run into time and time again...Its interesting normally when I run into this my clients are typically 40-50 years of age and having left the University where they got this account it is an easy decision to make because they either move it now over 10 years and normally the new policy will be fully liquid before retirement or be stuck with TIAA dictating their Retirement distributions.
It drives me nuts that TIAA is held in such high esteem with the high browed types with this time of crap they pull.