My wife is taking time off of work. We just got word that her non-governmental 457b will need to be distributed as a lump sum at a time determined by her with one chance for an additional deferral. Now that I am reading the details of the plan, I don't think she should've been in it. Her FA at the time thought it was like a 401k (or governmental 457b). I'm going through calculations to decide when to take the distribution, but I'm trying to find out if the entire account is taxed as income, or just the contributions with the gains taxed as capital gains. I've found in my searches that people are using contributions and plan assets interchangeably, never actually specifying how the growth is taxed.
Thanks
Thanks
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