Rollover of 457b to 403b after retirement
I have a 403b and a governmental 457b at two different plan providers. I would like to simplify. Is it possible to rollover the 457b into 403b? I retired recently.
I have a 403b and a governmental 457b at two different plan providers. I would like to simplify. Is it possible to rollover the 457b into 403b? I retired recently.
Permalink Submitted by Alan - IRA critic on Mon, 2025-02-03 13:47
You could if the 403b plan accepts such rollovers, but if you are under 59.5, your access to penalty free distributions from the 457b would cease. Another possibility to simplify is to combine both plans into a single rollover IRA by direct rollovers. The IRA would also be subject to 10% penalty on distributions prior to 59.5.