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Deductions & credits
You can do a "partial" rollover from your 457b to an IRA, if your 457b administrator agrees to it. This would normally be a direct trustee-to-trustee transfer (which is why the administrator would have to agree to it). If you tried to do the 60-day rollover (take the money out and within 60 days put it in an IRA), then the plan administrator would have to withhold 20%, but you would have to contribute 100% to the IRA, meaning that you would have to come up with that 20%.
As for your spouse, she can make a HFD (HSA Funding Distribution) to her HSA from an inactive SEP, but only if it is inactive. That means that no contributions to this accounts have been made within the current tax year.
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March 13, 2025
3:18 PM