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How does a 457 plan differ from normal tax deferred plans? What are the deadlines for determine the method you are going to determine your life expectancy? Is it Dec. 31 of the year you turn 70.5 or April 1 the year following the year you turn 70.5? I was told today by a friend that they had to have this decision made by tomorrow. That does seem correct to me. Any ideas that I can share with my friend.

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