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PDtax
PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 4619
Experience:  35 years tax experience, including four years at a Big 4 firm.
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Can I roll a calpers 457 account ( I am separated from

Customer Question

Can I roll a calpers 457 account ( I am separated from serviceno penalties) into a traditional Ira with etf options without tax implications?
Submitted: 1 year ago.
Category: Tax
Expert:  PDtax replied 1 year ago.

Hi from Just Answer. I'm PDtax, and will assist.

Expert:  PDtax replied 1 year ago.

Per the CTA, you can roll your 457 account into an IRA with no tax penalty or cost. I suggest using a new IRA account, so you can keep track of the history of the transfer.

Expert:  PDtax replied 1 year ago.

http://ctainvest.org/home/403b-457-Plans/about-457-plans/rolling-over-your-457-plan.aspx is the link to their site discussing the rollover.

Try to do it direct, trustee-to-trustee, so that there won't be any need for withholding.

Thanks for asking at Just Answer. Positive feedback is appreciated. I'm PDtax.