HW "Skip" Weldon wrote:

- quote -

California, or where I could find that info?

Frenchy

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"frenchy" <mf101723[at]msn.com> wrote:

- quote -

The rules in this state (for the 457 special catchup) say
that you only have to be within that 3 year window. Around
here that means that at the end of the current 3-year period
you have to be eligible to receive a retirement check (an
early retirement check qualifies). And you do not have to
retire at that time. However, the window would close on
that special catchup. You could, however, at that time do
the over-50 catchup if eligible.

You can also do a 401k or 403b if offered. Enjoy.
Providing they offer good funds at low costs, it's a heck of
a benefit.

-HW "Skip" Weldon
Columbia, SC

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

I have signed up for deferred comp 'regular catch up' and
have had my contributions doubled recently. I am 46 and
qualify for the 3 year window and was not told by them that
there was a problem. NOW after researching some more I am
wonderinf if I have screwed up here. Our retirement is
based on age with age 50 recieving 2% X # of years worked,
2.1 at 51 etc., to 3% at 60. Am I still entitled to do this
catchup if I am not at the 'max' benefit age of 60? I am
not a firefigher or police employee, just regular local
govenrment employee. What I am reading makes me wonder if I
really qualified for this or not now. thanks!

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >