Home About Us Services New at MPC Community Talk to Us

 Ask An Expert: Can existing plan be transferred to retirement account?  Back

December 26th, 2010

Q: Can I roll my 457 plan — a non-qualified, deferred-compensation plan — from the city of Orlando into an individual retirement account? I receive Social Security and two pensions. My 457 is in a stable-value fund, and I don't like risk. Is there a penalty if I do roll it into an IRA?

M.P, Orlando

A: You can roll the 457 into an IRA. The main benefit of this is access to more investment options...


Click here to continue reading article in the Orlando Sentinel


Our Team
Orlando Location
Winter Park Location
Photo Gallery
Talk to Us

© 2016 MPC 407.246.1515

Important Consumer Information: This web site does not constitute an offer of securities in any jurisdiction.
Neither business transactions nor communications related to securities and/or personalized investment advice for compensation can be made without full compliance with your state’s registration requirements. Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Independent Financial Partners, A Registered Investment Advisor and separate entity from LPL Financial. Licensed to Sell Life Insurance in CA, FL, GA, MI, NY, SC, TX, UT, TN, Puerto Rico. The LPL Financial registered representatives associated with this site may discuss/transact securities business with residents of: CA, FL, GA, MI, NY, SC, TX, UT, TN.