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Rising Star for the NYPD Sergeant, Lieutenant, and Captain Exam -> 2023 Lieutenant exam -> Deferred Comp Loan (Retirement)
Post Info TOPIC: Deferred Comp Loan (Retirement)
quitate54


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Deferred Comp Loan (Retirement)
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Hey guys, may be a silly question. But can you take out a deferred comp loan prior to retirement? Or even right after for that matter?

 

any insight would be cool, thanks



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Gabagool


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To add, can you start withdrawing from 457 upon retirement or have to wait til 59 1/2. Thanks

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4th Time


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www.nyc.gov/site/olr/deferred/dcp-withdrawals.page Try here.......

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NauseousPBBN


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Yes you can take loan up to 50k.

Yes you can withdraw at retirement. Don't need to wait until 59 1/2 unless you funded a 401k.

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Rising Star for the NYPD Sergeant, Lieutenant, and Captain Exam -> 2023 Lieutenant exam -> Deferred Comp Loan (Retirement)
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