Deferred comp. plan Vs. IRA Account
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Subject Author Date
Deferred comp. plan Vs. IRA Account CNP 11-21-2006
Posted by CNP on November 21, 2006, 4:24 pm
My employer only offers deferred compensation plan, but not 401k. I am
participating in the plan. However, the plan has a lot of limitations so I
don't feel comfortable in contributing to the plan's maximum limit.

Does IRS allow me to invest in the employer's deferred compensation plan AND
in an IRA account?



Posted by Ed on November 21, 2006, 4:45 pm

> My employer only offers deferred compensation plan, but not 401k. I am
> participating in the plan. However, the plan has a lot of limitations so I
> don't feel comfortable in contributing to the plan's maximum limit.
>
> Does IRS allow me to invest in the employer's deferred compensation plan
> AND in an IRA account?

Do the IRA to the max. Check to see if your plan at work is fully funded, it
may end up here:
http://www.pbgc.gov/



Posted by CNP on November 22, 2006, 10:51 am
Thank you all for your responses.

> you may get better options OR you may change employers and be able to
> roll it over into a Rollover IRA at one of the better noload families.

From what I understand reading the documents, deferred compensation can not
be rolled over. I have to leave it there until I start withdrawing. That is
one of the many inconveniences associated with that plan.



Posted by Charlie K on November 22, 2006, 12:01 pm

CNP wrote:
> From what I understand reading the documents, deferred compensation can not
> be rolled over. I have to leave it there until I start withdrawing. That is
> one of the many inconveniences associated with that plan.

No. If it's a governmental 457 plan, you can roll it into an IRA when
you leave the job.


Posted by Charlie K on November 22, 2006, 12:01 pm

CNP wrote:
> From what I understand reading the documents, deferred compensation can not
> be rolled over. I have to leave it there until I start withdrawing. That is
> one of the many inconveniences associated with that plan.

No. If it's a governmental 457 plan, you can roll it into an IRA when
you leave the job.


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