Owners of 457 accounts can take distributions at any age without owing an early withdrawal penalty, as long as they retire or leave their jobs, according the CDC Federal Credit Union. Account owners must pay income taxes... More »

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The 457(b) plan is a type of retirement plan that is only available to state or federal employees or employees of tax-exempt organizations, as of 2015, according to the Internal Revenue Service (IRS). It works in much th... More »

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Individuals with a 457 deferred compensation plan who work for government employers may roll their distributions into a traditional IRA, or to a 401(k), 403(b) or 457 governmental plan, provided that the plan accepts rol... More »

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Owners of 401(k) accounts can make penalty-free withdrawals any time after age 59 1/2, although they must pay income taxes on the distributions unless they roll the money into other retirement accounts within 60 days. Mo... More »

Account holders who are 59 1/2 years and older or those experiencing a unique circumstance such as financial hardship may receive distributions from a 401(k) plan without penalty or with limited penalties, according to t... More »

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Among the Internal Revenue Service rules about 401(k) plans include that the maximum allowable contribution for 2015 is $18,000 and distributions before the participant reaches the age of 59 1/2 are subject to an additio... More »

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When individuals have retirement accounts and are either 70 1/2 years old or an older age and retired, the Internal Revenue Service, or IRS, requires that these individuals take out a minimum amount from their accounts e... More »

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