can you stretch a 457 plan??

Submitted by Eric Bond on Sat, 2009-09-19 17:31

I have a prospect who has a 457 plan, he is 55 and does not need the money. Can you stretch it??



Submitted by Alan Spross on Sat, 2009-09-19 19:28

Yes, the current RMD Regs apply to 457 plans as well as other types of plans. But client will have to stay on top of RMD requirements when the time comes because some of these plans may not keep him fully informed on RMD requirements.



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