Welcome to the Jill on Money Podcast. It is Tuesday, October 12th. Mark, it is an amazing

thing that today, today, the 12th of October, we are going to present to our listeners a

second consecutive call from the Garden State. We are going to talk to Dana, who is on

the line from New Jersey. What can we do for you today?

Well, I have a couple of questions. I'm recently tired and I'm moving, moving funds around

so I wanted to know basically where I should be putting these funds. I have a 457B which

I really didn't realize had so many complications to it once it came due. Basically, I have to

take it or do an annuity and I don't want to do an annuity. So I'm like, okay, if I have

to take it, I'll take it next year, which is good. So I keep it being that I'm going

to use it for income. Do I just leave it in the savings account?

But what do you say? A 457 plan. Were you a teacher or a municipal worker?

I'm a nurse.

Okay. Okay. So you worked at a hospital and they had 457 plan. When you say you have

to move it, you don't have to take a distribution. Can't you roll it over into an IRA roll

over account or is that not allowed? No, not allowed. This particular plan was only allowed

to move over to another 457. But since I don't plan on working within the next year, maybe

after that, I might. But within this year, I know I'm not. I have the option of taking

the distribution or keeping it as an annuity.

What is the lump sum amount? The lump sum is about 82K.

Tell us what else is going on in your life. How old are you? 65. Recently retired. Retired

in June. My husband's 70. He retired about a year and a half ago.

Your husband is he receiving social security right now? Yes. How much is that? I guess

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