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457 Plan Questions & Answers

How can I access the money I have in the Plan?

Withdrawals may be made upon any one of the following qualifying events:

  • Retirement
  • Severance of employment
  • Loan, as allowed by your plan
  • Unforeseeable emergency
  • Attainment of age 70 1/2+
  • Death

Unforeseeable emergency:
A severe financial hardship resulting from a sudden illness, disability or accidental property loss. Unforeseeable emergency withdrawals must be approved by your employer.

All withdrawals are subject to the authorization of your employer. Withdrawals are subject to ordinary income taxes.