Nysdcp Sign In

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Last Updated: September 02, 2021

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nysdcp.com
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Nysdcp.com

FAQs

1

Can I take money out of my NYS deferred comp?

You may keep your contributions in the Plan and continue to build savings for retirement. However, you may withdraw your contributions if you: Have a Plan account balance of less than $5,000, exclusive of any assets you may have in a rollover account, AND. Have not contributed to the Plan in the last two years, AND.
2

Can I pull money out of my deferred comp?

You can take the distribution in a lump sum or regular installments, paying tax when you receive the income. You can also arrange to withdraw some of it when you anticipate a need, such as paying for your kids' college tuition. While the IRS has few restrictions, your employer will probably have their own rules.
3

What do you do with a 457 after retirement?

Once you retire or if you leave your job before retirement, you can withdraw part or all of the funds in your 457(b) plan. All money you take out of the account is taxable as ordinary income in the year it is removed. This increase in taxable income may result in some of your Social Security taxes becoming taxable.
4

Is there an app for Nysdcp?

We have powerful tools that give a holistic view, including: A fully transactional mobile app. My Interactive Retirement Planner℠ – Helps give employees a complete picture of their retirement readiness, highlight any gaps compared to their goals and provide actionable steps to close any gap.

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Date Published: March 24, 2021

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