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  • #16
    This is an important caveat in the IRS publication I linked earlier for "seperation from service"

    "the employee separates from service during or after the year the employee reaches age 55 (age 50 for public safety employees of a state, or political subdivision of a state, in a governmental defined benefit plan)**"

    And this

    "Nonqualified 457(b) plans: Governmental 457(b) distributions are not subject to the 10% additional tax except for distributions attributable to rollovers from another type of plan or IRA."

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    • #17
      If you are at least 55 you could pull from your 403(b) as well. Earlier than that, yes, taxable or 457.

      Keep in mind you can’t rollover a payment or annuity stream greater than 10 years. I would select the partial distribution option and roll that into an IRA and use the remaining payment stream to help fund your early retirement.

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