Can I roll my 457K money into a rollover IRA even if I am not quitting my job?

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Can I roll my 457K money into a rollover IRA even if I am not quitting my job?

2007-09-25 07:06:56 · 3 answers · asked by Tireless 2 in Business & Finance ➔ Personal Finance

3 answers

No or we would all roll our money over while still employed to get the better choices and less cost.

2007-09-25 07:21:27 · answer #1 · answered by shipwreck 7 · 0⤊ 0⤋

never heard of a 457k, but I doubt it. For a 401k rollover, you have to have left your job with the 401k plan.

2007-09-25 14:10:42 · answer #2 · answered by Anonymous · 0⤊ 0⤋

doubtful...a section 457 plan is simply a retirement plan offered by a government entity. Typically the rules are the same for those plans as for 401k's where it's not allowed for most types of contributions. Consult your plan document and it will tell you for sure.

2007-09-25 14:16:33 · answer #3 · answered by digdowndeepnseattle 6 · 0⤊ 0⤋