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Guest Joel Frank

457(b) Withdrawals

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Guest Joel Frank

I have taken the liberty to paste the following from the old board.

 

Joel

--------------------------------------------------------------------------------------------

 

Author: Molly

Date: 3/26/2003 1:16 pm PST

 

Are in-service withdrawals allowed in a 457(b) governmental plan in any event other than financial hardship? i.e. at normal retirement age?

 

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Guest Joel Frank

Molly,

 

In-service small account withdrawals are available if the account doesn't exceed $5000, there have been no contributions to the plan for two years, and there has not been a previous small account withdrawal (subject to income tax)

 

Peace and Hope,

Joel L. Frank

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