How do I withdraw from a 457 plan?
Unlike other retirement plans, under the IRC, 457 participants can withdraw funds before the age of 59½ as long as you either leave your employer or have a qualifying hardship. You can take money out of your 457 plan without penalty at any age, although you will have to pay income taxes on any money you withdraw.
How do I withdraw from MissionSquare Retirement?
To request a withdrawal from your MissionSquare Retirement account:
- Log in to your account to see if your employer allows online withdrawals.
- Or, complete and submit the forms in the 457 Plan Benefit Withdrawal Packet. To obtain a copy, contact Investor Services.
Can I withdraw from my 457 to buy a house?
Withdrawals from 457(b) plans
“In the 401(k) plan, if you needed money to buy a house or to pay tuition for a dependent, you could do that,” Pizzano says. “But in the 457 plan, those types of foreseeable withdrawals are not allowed.