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Professionals' Column December 8, 2006
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Current Pension Topics: Restriction on 457 Withdrawals
By JOEL L. FRANK
      Q.: I just got off the phone with the Deferred Comp office. I am past 59-1/2 and want to withdraw $25,000 from my 457(b) account. I was told that retirement/severance of employment is required in order to make withdrawals. Is this right?
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YOUR SOCIAL SECURITY
By DAVID BROWN
      I have to admit that I was surprised to read that many baby boomers who get Federal benefit checks are lagging behind their parents' generation in using direct deposit. According to a recent survey sponsored by the Department of the Treasury and the Federal Reserve Bank, the numbers are 59 percent ...
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