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457 Plan distributions


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Guest BSimpson
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1) If I have terminated from my 457(B) plan for a non-profit entity, what are my options for distribution? I will be working for a for-profit entity in the future.

2) Can I let it sit in the 457(B)?

3) Do they have the right to kick me out if my account balance is less than $5,000, like in a 401(k)?

4)Can I take installments out of the 457? If yes, are they penalized at 10% if I'm not age 59 1/2?

What typically makes the most sense?

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