fund transfer from Traditional IRA to 457 Plan

You are here:
< Back

L1: fund transfer from Traditional IRA to 457 PlanHow are funds treated tax-wise if you transfer funds from a traditional IRA or 401K plan into a 457 plan and then take withdrawal from the 457, since there is no age restriction/penalty for withdrawals prior to 59 1/2 nor withdrawal amount restriction?2003-06-16 11:50, By: tricia, IP: [127.0.0.1]
L2: fund transfer from Traditional IRA to 457 PlanI believe that if the funds transferred to a 457 plan originate in a plan (like an IRA or 401(k)) that was subject to the 10% penalty tax, then the funds transferred remain subject to the 10% penalty tax. Only amounts accrued in the 457 plan are exempt from the 10% penalty – and probably because distributions require participation and consent by the employer.2003-06-25 10:01, By: Gfw, IP: [127.0.0.1]