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I'm just starting my career, and I want to retire at least somewhat early. What I'm trying to figure out is whether I can qualify as disabled for retirement purposes, even though I didn't suddenly become disabled during my career. I've always been blind and it does not keep me from being able to work. I have qualified for and have received SSI assistance in the past, so the government has already considered me disabled legally, but I'm not sure if it counts for retirement accounts.

Right now, I have some money in a roth IRA. I will soon be contributing to a 457 account through my new job. I know that traditional 457 plans don't have an early withdrawal penalty, but I also have the option to go roth on that account, but I know roth 457 plans lose some of their tax advantages if you withdraw early.

That is, unless you become disabled.

I don't make much money yet and probably won't for years, so it would seem that it would be smart to go roth if not for there being less tax advantages if I take early withdrawals. I'm just not sure if I count as disabled because everything I can find online says that you must become disabled and unable to work later in life. I found one thing that said that if social security considers you disabled, you should be good, but I want to get that confirmed.

So does anyone know how to answer my incredibly niche question? I need to decide soon whether my first contributions should be roth or traditional. Thanks a ton for the help.



Submitted August 04, 2020 at 06:31PM by mashington14 https://ift.tt/3gtro5r

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