installments from 457b plan
I have a clien who elected 5 year installments from her 457b plan, could she roll these back into her IRA as long as it falls under the 60 day rollover timeframe. Thanks
I have a clien who elected 5 year installments from her 457b plan, could she roll these back into her IRA as long as it falls under the 60 day rollover timeframe. Thanks
Permalink Submitted by Alan Spross on Thu, 2011-12-15 17:21
As long as it is a govt 457b plan, any amounts that are NOT considered RMDs can be rolled over to an IRA. She will probably have 20% mandatory withholding to replace to make the rollover complete.