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Key Takeaways If you are a government or non-profit employee, you may have a 457(b). In this case, your savings in this plan can be rolled over, like assets in a 401(k). ... There is no penalty for early withdrawals but you must take a minimum distribution in the year you turn 72 (or 73, starting in 2023). How a 457 Plan Works After Retirement - Investopedia investopedia.com https://.investopedia.com › articles › personal-finance investopedia.com https://.investopedia.com › articles › personal-finance
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