Greetings,
I am a former employee at a university where I participated in the 401(a) plan (until recently, I thought it was a 403(B) plan). TIAA/CREF was/is the custodian. I'm no longer employed. When I left the university, I tried to roll my retirement account into an IRA. However, I was told that my school's plan does not allow a rollover until I'm 55 (I'm currently 38). I find this very paternalistic and annoying.
Anyways, I was looking through a summary of the new tax bill and I read a summary that indicated that there are new requirements of retirmement plan portability for employers. However, I can't seem to make clear sense of what I'm reading.
Does someone know if these provisions will force my old employer to allow me to do a rollover?
Regards,
Jeff