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Retirement Planning

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  4. Is a 457 withdrawal prior to turning age 59 1/2 subject to the 10% early withdrawal penalty ?

Is a 457 withdrawal prior to turning age 59 1/2 subject to the 10% early withdrawal penalty ?

Regardless of your age, you are not subject to the 10% early withdrawal penalty on 457 plan contributions and earnings. However, the penalty may apply to non-457 plan assets that are rolled into your 457 plan and subsequently withdrawn prior to age 59½.

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