David Woods, EA, ChFC, CLU" <dwoods[at]woods-financial.com> wrote:
- quote -

Thank you.

<*)))))> <{
Fishy[at]Ocean.Net

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<*)))))> <{ wrote:

- quote -

I assume you are referring to the 10% early withdrawal
penalty. Assuming that the funds in the plan did not come
from another type plan via a rollover (i.e., the plan assets
are Section 457 deferred compensation) there is no 10%
penalty for early withdrawal as a 457 plan is not a
qualified retirement plan.

--
Alan
http://taxtopics.net

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"<*)))))> <{" <Fishy[at]Ocean.Net> wrote:

- quote -

No.

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

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I'm in school. I took out all my contributions to a 457
plan. Do I have to pay penalties? Can't I offset the early
withdrawal by my tuition expenses, like for an IRA?

<*)))))> <{
Fishy[at]Ocean.Net

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