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MPG1

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  1. MPG1

    Tax Question

    Is your 457(b) peculiar to your employer or do you belong to the State's 457 Plan? You have told us that you are a local government employee. Local governments are allowed to opt into the NY State Deferred Compensation Plan or adopt a plan of their own. What has your employer done? If your employer adopted its own plan please furnish a link to the plan's website. Westchester County is with The Hartford which has a four percent guarantee in the fixed fund.
  2. MPG1

    Tax Question

    Is your 457(b) peculiar to your employer or do you belong to the State's 457 Plan? You have told us that you are a local government employee. Local governments are allowed to opt into the NY State Deferred Compensation Plan or adopt a plan of their own. What has your employer done? If your employer adopted its own plan please furnish a link to the plan's website.
  3. MPG1

    Tax Question

    Is your 457(b) peculiar to your employer or do you belong to the State's 457 Plan?
  4. MPG1

    Tax Question

    Thank's for your help. I am 54 years old. I am a nys local gov employee who will be retiring next year. I understand if I move my 457b to a 401k and take money out that I will be hit with the 10% penalty. If I move the money over and donot touch the principal but take what the 401k makes will that money be subject to the 10% penalty. Again thank you!
  5. MPG1

    457b Question

    Thanks in advance. I have a 457b with Hartford Insurance in NYS as a local county employee. I will be retiring in 3 years at the age of 55. I plan on moving from NY to SC. I need to make income from the 457b but donot plan on touching the principal. I would be very happy with a 5 percent return. What type of tax would I be looking at from the interest or what do you think would be my best options? I also plan on passing the principal on to my daughter when I die. Thanks again.
  6. MPG1

    457b Question

    can I move my 457 money to another investment, such as a muni fund, collect the interest and pay the tax on my earnings? Again I will only be 55 yrs old...
  7. MPG1

    457b Question

    THANK YOU FOR YOUR HELP. I WILL BE RETIRING AT AGE 55. IF I TAKE MY 457B MONEY & BUY TAX FREE MUNICIPAL BONDS WHAT TAX IMPLICATIONS WOULD I BE LOOKING AT? I DONOT PLAN ON TOUCHING THE BASE BUT WOULD LIKE TO HAVE THE 4 TO 5 PERCENT IT MAKES....THANKS AGAIN
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