But my question is, how will the 457 plan impact my Social Security payments? Will funds withdrawn from the plan have an effect on my SS payments? Should I withdraw as much as possible before collecting Social Security? Or are 457 withdrawals exempt from any SS offset? My guess is that the 457 withdrawals are not exempt and will be used in calculating the taxable percentage of your SS benefits ... currently set at a maximum of 85%.I am not a tax pro, but have you considered doing a trustee to trustee 457 rollover into a TIRA? That way you will continue to keep the 457 funds tax deferred until RMD's are required at age 70 1/2. That is, unless you need the 457 funds immediately as part of your retirement planning?Tax Pro's .... your comments?RichArizona
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra