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Money saved in a 457 plan is designed for retirement, but unlike 401(k) and 403(b)plans, you can take a withdrawal from the 457 without penalty before you are 59 and a half years old. ... There is no penalty for an early withdrawal, but be prepared to pay income tax on any money you withdraw from a 457 plan (at any age).
Money saved in a 457 plan is designed for retirement, but unlike 401(k) and 403(b)plans, you can take a withdrawal from the 457 without penalty before you are 59 and a half years old. ... There is no penalty for an early withdrawal, but be prepared to pay income tax on any money you withdraw from a 457 plan (at any age).
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