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Message
re: 457 withdrawal advice
Posted on 6/20/14 at 12:52 am to Scooby
Posted on 6/20/14 at 12:52 am to Scooby
quote:
457 withdrawals aren't penalized
If you're under the age of 59-1/2 there will be a 10% penalty in addition to being taxed as ordinary income, same as a 401K. The money can be withdrawn without the penalty to use for the first-time purchase of a home.
1
Posted on 6/21/14 at 8:52 am to Layabout
You are correct. There is no penalty on early 457 withdrawals, just have to pay the taxes.
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