No, you can only roll a 457 into a traditional IRA As of January 1, 2008, you can roll over pre-tax 401(k), 401(a), 403(b), and 457 plans directly into a Roth IRA
No, a 457 IRA is no the same as a Roth IRA. A 457 IRA is a type of retirement account that holds money pre-tax, so when the money is withdrawn in retirement, it is taxed as income at that time. A Roth IRA is funded with after tax dollars, and taxes are not assessed at the time of withdrawal.
No, except to another non-governmental 457 plan. Governmental 457 plans can be rolled over to another type of plan.
Roth 401 (k) plan
Any employee who is an active participant in either of the 457 or pre-tax 401(k) plan can be able to apply for a loan.so that the account balance should be $5,000 or more at time of application who are taking the loan. Funds which are in the Roth 401(k) are excluded in the determination of loan availability. The minimum loan amount available from either the 457 or the 401(k) Plan is $2,500.
There are a few companies where you can learn about a 457 plan online. Nationwide is becoming widely known in the field of auto insurance, but it can also help with retirement. There is a page on their official website that discusses 457 retirement plans.
There are non-government 457 retirement plans available. Your employer will be able to tell you if a 457 retirement plan is an option at your work place.
CalPers is a 457 plan and the statement says: These funds cannot be borrowed against and are available to you only upon permanent separation from all CalPERS-covered employment.
roth ira
In a 401k roth plan a person can decide to contribute before or after taxes, which is not available in a regular 401k. This can be very beneficial to some people.
The Roth IRS is a tax free retirement plan that helps you plan for your future after you retire. You would be able to find this by contacting an agent with EdwardJones Investment.
A Roth IRA is a type of retirement plan. The main advantage is that, providing certain conditions are met, such a plan is not generally taxed under current US law.