Early withdrawl of 457 employee contributions


T

TortFeasor

I've got a 457 plan set up by a Tribal government. I
contributed to the plan. The Tribe did not. I no longer
work for the tribe.

I would like to withdraw all the funds. I had no income
last year and anticipate no income this year. Thus, I
expect my tax burden to be low or zero.

I don't want anything to be withheld from the 457
withdrawal. I'll pay the taxes, if any, next year.

Will I have to pay Social Security and such on the withdrawal?
Will the withdrawal count as "earned income?"
Will it go on Schedule D?

Thanks to anyone who can help.

Alice
 
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