4
- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Retiring with a 457 plan
Posted on 5/19/22 at 9:52 am
Posted on 5/19/22 at 9:52 am
I won’t be 59 1/2 when I retire. What is the penalty for withdrawal to take it out as a lump some?
Posted on 5/19/22 at 9:56 am to Biggins
Posted on 5/19/22 at 10:21 am to Biggins
quote:
I won’t be 59 1/2 when I retire.
I'm surprised you're going to be able to retire at all with all those ZOM and HMBL losses you've been stacking
Posted on 5/19/22 at 10:23 am to Biggins
Normal 457 is accessible penalty-free when you retire from the employer.
Roth 457 is accessible penalty-free at 59 1/2
Roth 457 is accessible penalty-free at 59 1/2
Posted on 5/19/22 at 10:49 am to Biggins
It will be taxed as regular income. So, you may pay a higher rate if it bumps into higher brackets taken all in one year versus spreading it out. Unless your plan has terrible investment options/fees or you absolutely need the cash immediately, why not keep it in tax differed account? You may be able to rollover to an IRA if it is a govt 457(b).
Posted on 5/19/22 at 2:01 pm to iAmBatman
Play money in Zom and hmbl. Yes I’m down but it may come storming back
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News