[ARCHIVED THREAD] - 457 Deferred Compensation Plan

Posted: 1/7/2009 6:37:24 PM EDT

My 457 Deferred Compensation Plan lost $11,500 in just the last quarter.

I know I am in it for the long haul and don't plan on retireing for at least 10 more years, but WTF. I just lost 1/4 of the whole account.

Anyone doing anything special with these accounts? I have to call my representative.

Posted: 1/8/2009 3:50:39 PM EDT

[#1]

I didn't lose anything (stable growth), but I'm not allowed to withdraw my money. I'd take the hit (penalty) just to get everything out.

Posted: 1/9/2009 9:13:41 AM EDT

[#2]

It is my understanding that 457 plans cannot be liquidated till you have exhausted EVERYTHING you have. You can't just get your money when you want it. It has to be exigent circumstances and you have NO OTHER money to get, practically.

AT least that's what my understanding is about mine.

GR

Posted: 1/9/2009 10:19:07 AM EDT

[#3]

That was my understanding also.

[ARCHIVED THREAD] - 457 Deferred Compensation Plan

Warning

Confirm Action

[ARCHIVED THREAD] - 457 Deferred Compensation Plan

[ARCHIVED THREAD] - 457 Deferred Compensation Plan