what age can i withdraw money from a deferred compensation plan
Qualified retirement plans, deferred compensation plans and individual retirement accounts are all different, including fees and when you can access funds. Assets rolled over from your account(s) may be subject to surrender charges, other fees and/or a 10% tax penalty if withdrawn before age 59Â½.nlike other retirement plans, a 457(b) deferred compensation plan takes into account that you may retire sooner than workers in the private sector. Generally, you donât have to worry about paying a penalty for retiring early or beginning to take income from the plan before age 59Â½.