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larryz

Partial Rollover To Ira

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larryz-

 

Maybe. It all depends on the provisions of the 457 plan document and other factors such as employment status. If you're still employed, the answer will probably be "no". Even if you're separated from service, it may depend on any previous elections made (if any) following your separation from service. If you recently separated from service and are being asked now to make an election, this partial rollover to an IRA may be fine. However, the plan provisions may not provide for a partial payment (i.e. single sum or lump sum only). If possible, discuss the partial rollover distribution option with your plan administrator.

 

-Phil

 

 

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