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After reading the article on 457 plans yesterday I am confused as to which the best option for me would be. I currently contribute the maximum amount to my 403b. If I read this right a 457 plan may be better for me as I plan on retiring early - before 59 and a half.

So, if I start a 457 plan I could withdraw my money early without penalty, right? BTW, I am a teacher so I assume we could get a 457 going in our district.

I have around $400,000 currently inversted in the 403b. If I can, should I roll this to a 457 plan? Can I do that?

Will a fund company maintain my 457 account even if I am not contributing, only withdrawing? I assume they will!

Any advice would be greatly appreciated!

Steve Kent
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