I also have 457 plan, and I have just retired. My current plan is to move the whole thing to an IRA within the next couple of months (no more requirement to make a distribution decision within 60 days, right?). I will be 59 and 1/2 by the end of this year and shouldn't need any of this money this year due to extra, one time income. Next year I plan to start IRA distributions. Over a period of time I plan to transfer the IRA funds into a Roth, paying applicable taxes as I go in small chunks from the annual distributions. I would be interested in comments on this scheme. It seems reasonable to me, but would not want to get to cute and paint myself into some kind of corner. P.S. I'm planning on using Vanguard for the IRA. Is there any risk involved with having all my eggs with one fund vendor (e.g if the fund vendor has financial problems)?