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Subject:  Re: Rolling over 457 plan Date:  7/30/2001  10:28 AM
Author:  TMFPixy Number:  31053 of 88104

Greetings, cactusadam, and welcome. You asked:

I recently left a job where I contributed a little money to a 457 plan. I have left my money in there because it's about all I could do with it, except to withdraw, which of course would lead to a penalty. Anyway, I seem to recall hearing that beginning next year, 457 plan money could be rolled into an IRA. Can anyone verify if this is correct? If so, what IRS publication, announcement, etc would have the details?

Yes, it's true. That provision is part of the Economic Growth and Tax Relief Reconciliation Act of 2001. For details, see my article, "Even More Money for Your Retirement," at While it will be a number of months before this provision appears in any IRS Publication, my guess is that it's likely to appear in IRS Pub 575, Pension and Annuity Income, when it does. You should check out the IRS site at from time to time to see if that assumption is true.

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