I have a client who has a 401a plan (through TIAA CREF) from an employer he recently left. He was told by TIAA that he could not roll that 401a into his IRA. Is this correct and if it is allowed, what provision of the IRS code substantiates that?

ANSWER

The BIDaWIZ Team's Answer:

Generally speaking, you can rollover a 401(a) account into an IRA if the IRA plan should allow it. This is referenced in IRC Section 402(c) and Revenue Ruling 2014-9.

You may also want to reference TIAA-CREF's very own comparison tool. Please find the 3rd column and the "rollover out" row.

References: IRC Section 402(c); Revenue Ruling 2014-9
State: Massachusetts