Actually, withdrawals that you make from a 457 plan are never subject to an early withdrawal penalty, regardless of what age you are when the funds are withdrawn. They do not function in that manner the same as an IRA or 401k plan.
However, these types of plans still only allow you to make withdrawals in the following situations:
1. When your retire
2. When you leave your job, for any reason
3. During unforeseeable emergency circumstances
Unforeseeable emergency is defined as a severe financial hardship resulting from a sudden illness, disability
or accidental property
loss, subject to strict IRS
Funds that you withdraw from a 457 plan for any reason are not eligible for rollover to an IRA plan.
Unless you would retire or leave your job or meet one of the criteria for an unforseen emergency, withdrawals from this plan would not be allowed.
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