Hello!
I have about 100k in a 457b account. I am leaving my government employer, going to law school for 3 years, and starting a second career. I am about 35 years old. I am fortunate enough to be able to live off of savings during this 3 year period, and I don’t foresee needing to use this 457b money anytime in the immediate future.
As my income will drop significantly during the 3 year hiatus from employment, should I take advantage of this and clean out my 457b account, pay income tax on it while in a low bracket, and move it to a post tax investment account (VTI)? Or should I leave it in the 457b and not withdraw until I have retired from my second career in 20-30 years?
Not that it matters, but my 457b is in low cost SP500 as we don’t have access to VTI.
Thanks!
Submitted June 29, 2023 at 12:24AM by Sylar108 https://ift.tt/8raL9qT
