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  • IRS RELAXES RULES FOR DISTRIBUTION OF ROLLOVERS FROM GOVERNMENTAL 457(B) PLANS and then place in regular font the message "In February 2004, the IRS announced that amounts rolled into a governmental 457(b) plan can be immediately accessed by a participant, if permitted by the plan and if rollover amounts are separately tracked under the plan. This guidance liberalizes the IRS' earlier position in the final 457(b) regulations which would not have permitted a participant to withdraw rolled over amounts prior to having a distributable event under the governmental 457(b) plan. Withdrawal of rolled over amounts are subject to any applicable federal 10% premature distribution penalty tax.
  • Reminder: Have you filled out a new beneficiary form with ING?

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