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Retirement Planning

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  4. I'm a government worker and am thinking about retiring. I have contributed to a 457 Plan and want to know what my options are for taking this money?

I'm a government worker and am thinking about retiring. I have contributed to a 457 Plan and want to know what my options are for taking this money?

When you leave your job, you have basically three options: You can take all the money and pay tax on the money without penalty; If you are under 70 1/2, you can take installments on the money; or if you are under 70 1/2 you can leave the money in the plan. To determine which choice is suitable for your situation, please contact a CPA in your area.

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