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		President Bush signed into law a federal law that will now permit a state and or municipal employee to rollover a 457 tax-deferred tax plans into a 401(k) or a 403(b), or an IRA, upon retirement or if he or she changes jobs. This law took effect on January 1, 2002. Prior to this law, if you changed jobs the only option available was leaving it or rolling over into the new employer's 457 plan. Now, for the first time, you can not only continue put off paying taxes on your retirement money, but you can allow your nestegg to continue to grow and have more control over how your money is invested.




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