Transfer of 457 to IRA
Client has a 457 plan with State of Tn and wants to transfer to his IRA; what issues should I be concerned about?
Client has a 457 plan with State of Tn and wants to transfer to his IRA; what issues should I be concerned about?
Permalink Submitted by Denise Appleby on Mon, 2007-09-10 16:21
If the plan is a governmental /457(b) plan, then that plan is an eligible retirement plan for rollover purposes. Therefore, as long as the assets are rollover eligible, they can be rolled from the plan to the IRA.
This link includes information on the State of Tennessee’s 457 plan, including rollover information http://www.treasury.state.tn.us/dc/comparison.pdf
Hope this helps.
Denise