403(b) “In-Service Withdrawal”
We have a 62 year old client who is a pharmacist at a local hospital. He approached us wanting to do an ” In-Service Withdrawal” with a portion of his 403(b). He plans on working another 4 or 5 years. I did not know how to address his wishes. Are the “In-Service Withdrawal” rules different as it pertains to 403(b)’s?
Permalink Submitted by Alan - IRA critic on Fri, 2019-11-15 15:25
Post 59.5, the plan provisions determine what the non hardship distribution options are. Some allow them, many do not. Client will have to check with the plan.