457 rollover

[Guest TCAT]

Can a 457 plan be rolled into any other type of plan such as IRA,DC,etc. Have a retired judge that is getting every answer under the sun from financial institutions and from the information I have read all that can be done is distribute or roll into another 457 plan. What are the options for this type of situation.

Thanks for your help

[Guest CVCalhoun]

Unfortunately, a 457 plan distribution cannot be rolled over into any other type of plan. It can be transferred to another 457 plan, but this is often impractical--e.g., if the individual does not go to another employer which maintains a 457 plan, or if the new employer's plan does not allow such transfers.

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