I am brand new to this forum and am looking for some help.
My question is, can I roll my 401k to a 457b and then pull money out without the 10% penalty before age 59 1/2?
I am a Federal retiree and have a Thrift savings plan (TSP) which I am told is like a 401k, I started putting money in the TSP in 1985, and I am under the Rederal Retirement System (FERS). I just got a new job that offers a 457b with TIAA CREF. I'm thinking about rolloing over my TSP into the 457b and start taking money out in 10 years, age 58, only if I can do it without incuring the 10% penalty.
Is this possible or a pipe dream?