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Greetings, Maskun, and welcome. You asked:

<<Can anyone tell me if a 457 retirement account and a 401A (both are available to public employees only) can be transferred to an IRA upon the employee taking retirement? Otherwise, I understand that withdrawals from them are subject to an IRS rule that says that annual payments must be "substantually equal". Meaning, for example, if , at retirement, I have $250,000, and decide that my annual equal payments will be $12,500, I cannot change this amount even though, perhaps, my account has grown to $400,000 or maybe shrunk to $150,000. This sounds crazy to me and I would like to avoid it. >>

A 457 plan may never be transferred to an IRA. On distribution from that plan, the proceeds must be taken as income and they will be taxed as such. The 401a plan should be eligible for transfer to an IRA when you leave your job. Your plan administrator or Human Resources folks will be able to tell you that. Just ask.

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