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Retirement tax questions
You just make a withdrawal from the 457 plan. If you are over 59 1/2 there is no penalty. You will get a 1099R at the end of the year to enter into your tax return. They will probably take out a set amount of withholding or you can tell them what percentage to take out. Be careful. It will all be taxable and may push you into a higher tax bracket.
‎April 29, 2023
2:44 PM