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tblack

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  1. Hi, I'm new to the 457 plan, and am currently researching the benefits of this retirement vehicle. I don't have an "unforseeable" emergency, but may possibly need to borrow, as I position myself to make a first home purchase and deal with associated costs. I was told that I could withdraw up to 50% if needed, but would need to make arrangements to repay the loan. However, after reading through the literature, it doesn't sound like this is even possible. Is this true? Is anyone aware of 457 plan circumstances where one can borrow,from the 457 plan, aside from when there might be "unforseeable emergencies listed", which won't incur a penalty for taking an early distribution? Any and all feedback is much appreciated. Thanks TBlack
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