Content Overview 
- Summary
- Withdrawals For Hardship
- The Definition Of A 403(B) Plan Also Known As A "TSA"
- What Are The Benefits Of A 403B Plan?
- Limitation On The Amount Of Contributions To A TSA
- If You Have Been With The Organization For More Than 15 Years
- How Contributions To The Plan Are Made
- Permitted Investments For Money In A TSA
- Borrowing From A TSA
- If You Become Disabled
- If You Leave Your Employer Before Age 59 1/2
- If You Retire Or Leave Your Employer And You Are Older Than Age 59 1/2
- Forced Withdrawal Of Money From A TSA At Age 70 l/2
- What Happens To The Money In A TSA If I Die?
403(B)/ TSA Plans
What Happens To The Money In A TSA If I Die?
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If you die, the full amount of your TSA account goes to your beneficiary.
If you have already started receiving distributions from the account, your beneficiary may continue to receive the payout according to the schedule that you started. Or, if the beneficiary wishes, he or she can receive greater amounts.
If you have not started receiving a payout:
- If the beneficiary is your spouse: he or she may be able to rollover the account to an IRA and treat the IRA as his or her own.
- If your beneficiary is not your spouse, the distribution must be taken within 5 years or over the course of their life expectancy.
To Learn More
More Information
IRAs: Rollovers
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