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Author: vkg Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: 457 Plan Rollover to Roth IRA Date: 1/8/2013 5:00 PM
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But he also went on to say that I would need to recharacterize the funds and that these would count as contributions, blah blah...so I don’t think the 457 rep really knew what he was talking about.

Conversions and rollovers are not counted as contributions.

Also, if I do have to go through the 3-step process, does the 457 rollover into the Traditional IRA (or even the Roth IRA) then use up my one rollover per year limit (assuming that I have only a single account for each type)?

The one rollover limit only applies for non-Trustee to Trustee transactions. As long as you don't take control of the funds, they can be moved an unlimited number of times during a year.
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