Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: RGOLDPET Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19256  
Subject: 457 rollover Date: 1/28/2002 5:01 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Pixy, I thought it would be easy to direct the plan administrator to send the rest of a series of payments to an IRA without witholding any taxes. Today I recieved a letter from The Hartford (supposedly in the forefront of administering 457 plans) that states "sorry but payments from fixed annuities of any length are irrevocable. They did offer to send the net after tax payments to Vanguard. Would this be the same as contributing the net to an IRA? From your previous help on this issue it seems that I can send in the payments to an IRA myself. My tax guy is researching this but I would like to hear your ideas. Thanks Ralph.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Macro Economics

U.S. Stable, Europe Stalling
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement