 Governmental 457(b) Plan Rollover, while still employed |
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  Oct 8 2009, 09:25 AM
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#1
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Registered User Group: Registered Posts: 116 Joined: 4-June 02 Member No.: 9,794  |
I am a participant in a governmental 457(b). May I, at age 59 1/2 rollover my 457(b) into an IRA while still employed by the city?
If so, can you point me to the guidance that indicates this? Thanks |
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Oct 8 2009, 01:38 PM
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#2
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Registered User Group: Registered Posts: 125 Joined: 8-February 08 Member No.: 26,546 |
Here is my perspective. If you are still employed and under age 70 1/2 there are only limited circumstances under which you may be eligible for a distribution/rollover from a 457 plan. Attaining age 59 1/2 is not one of them.
1) Unforeseeable emergency 2) Small amounts See §1.457-6. |
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