No. of Recommendations: 1
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.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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 Glassdoor #1 Company to Work For 2015! 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.