457B Questions

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bg5
Posts: 153
Joined: Mon Jan 15, 2018 11:07 am

457B Questions

Post by bg5 »

Happy Late Turkey Day

I was told by a co-worker that I may be able to transfer up to 10% a year from my 403b to my 457b.

1. Is this true?
2. If it is true does that 10% that I transfer count against my $18,500 a year max contributions?

The reason I was interested in doing this is that I plan to retire early and want to have as much money in my 457b as possible so that I can use it to buy some rental properties. I have plenty of experience with rentals and as long as I can use my 457b money to purchase and investment property or two then its should allow me to retire 7-8 years earlier.

Seems like a no brainer to me
PFInterest
Posts: 2684
Joined: Sun Jan 08, 2017 12:25 pm

Re: 457B Questions

Post by PFInterest »

I don't think so...
retiredjg
Posts: 41946
Joined: Thu Jan 10, 2008 12:56 pm

Re: 457B Questions

Post by retiredjg »

I don't think so either. But even if it is true, I'm pretty sure that 403b money going into a 457b would be held in a separate account and not available without penalty until 59.5.
student
Posts: 5161
Joined: Fri Apr 03, 2015 6:58 am

Re: 457B Questions

Post by student »

This may be helpful. viewtopic.php?t=59384
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