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 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

 

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