TCAT
Jan 21 1999, 12:45 PM
Can a 457 plan be rolled into any other type of plan such as IRA,DC,etc. Have a retired judge that is getting every answer under the sun from financial institutions and from the information I have read all that can be done is distribute or roll into another 457 plan. What are the options for this type of situation.
Thanks for your help
CVCalhoun
Jan 21 1999, 01:48 PM
Unfortunately, a 457 plan distribution cannot be rolled over into any other type of plan. It can be transferred to another 457 plan, but this is often impractical--
e.g., if the individual does not go to another employer which maintains a 457 plan, or if the new employer's plan does not allow such transfers.
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