There are a wide range of federal, state and county benefits available to qualified veterans and their families and County Directors of Veterans Affairs can be an excellent source of information and assistance when applying for these benefits.
Rollover Methods. The IRS allows two rollover methods for rolling over a 457 plan to a Roth IRA. You can siphon amounts from your 457 plan and, within 60 days, contribute them to a Roth IRA. Your employer must withhold 20 percent of this amount for taxes.The second method is the direct rollover option.ollover Methods. The IRS allows two rollover methods for rolling over a 457 plan to a Roth IRA. You can siphon amounts from your 457 plan and, within 60 days, contribute them to a Roth IRA. Your employer must withhold 20 percent of this amount for taxes. The second method is the direct rollover option.
However, IRS rules do not restrict how funds from a rollover distribution can be used. IRS rules allow people to take a rollover from an account once per 12-month period. A rollover can be beneficial if you need to use money from your IRA for up to 60 days.For example, if you expect your end of year bonus to be paid in six weeks, but need money for a car down payment, you could take a rollover distribution and repay it with the bonus.Step 1.tep 3. Redeposit the money in a qualified retirement account within 60 days. A qualified retirement account can include the IRA from which you took the distribution. If you fail to redeposit the money in 60 days, the rollover will be considered a distribution.