eyes123

Thanks for the reply. Where might I find a downloadable or printable copy of the info on the 457(b) penaltys and/or lack of penaltys? Jeff

My wife works for a non profit hospital and is enrolled in both 403b and a 457b plans. She was told that if she would stop working at the hospital that the 403b could be rolled over but the 457b plan could not. On top of that, they said that the 457 plan would incur a 10% penalty. I read on the message board here that there was no penalty with a 457 plan? Would she also have to pay regular income tax on the 457 money since it is not being rolled over into an IRA? Thanks, Jeff