You can withdraw funds from your 457(b) plan penalty-free at any age once you leave your employer or retire. You won't owe an early withdrawal penalty even if you are not yet 59 ½, but you will pay federal and state income taxes on the withdrawal.

What Is the Rule of 55?
Under the terms of this rule, you can withdraw funds from your current job’s 401(k) or 403(b) plan with no 10% tax penalty if you leave that job in or after the year you turn 55. (Qualified public safety workers can start even earlier, at 50.) It doesn’t matter whether you were laid off, fired, or just quit.
This rule applies to current – not former – 401(k) or 403(b) plans. The government does not permit penalty-free withdrawals before 59.5 from plans you had with a previous employer. If you want access to that money under the rule of 55, you would have to transfer those funds into your current 401(k) or 403(b) plan.
You won’t have to pay the penalty if you take distributions from a 401(k) early for these reasons:
- You become totally and permanently disabled.
-You pass away and your beneficiary or estate is withdrawing money from the plan.
-You’re taking distributions to pay deductible medical expenses that exceed 7.5% of your adjusted gross income.
-Distributions are the result of an IRS levy.
-You’re receiving qualified reservist distributions.

@Crash - just stumbled across one today that might be right up your alley NYCB.

It’s really hard to listen to these guys when they jump around like this. So we should jump into the SPY for a 2.5% rally?? It’s kind of a silly call.

China has steadily accumulated U.S. Treasury securities over the last few decades. In August 2022, the Asian nation owned $971.8 billion in Treasurys, roughly 13% of the U.S. national debt. U.S. debt to China comes mainly in the form of U.S. Treasury securities (bonds issued by the federal government).

Prior to joining Artisan Partners in May 2002, Mr. Samra was a portfolio manager and a senior analyst in international equities at Harris Associates LP, from August 1997 through May 2002.

I worked in the international group there with a very famous value investor, David Herro, who still operates the Oakmark International, Oakmark International Small Cap Fund. And I worked there for five years and left there in 2002. By then I had had almost 10 years worth of experience as an analyst and decided that like to try employing my own philosophy, and I found a terrific home here at Artisan. We launched the International Value Fund in 2002.

The special rules described on this page may convert some or all of your short-term loss into long-term loss — or into a nondeductible loss — when you sell shares held six months or less after receiving certain kinds of dividends.

All of the following requirements must be met:

• The fund must have held the security unhedged for at least 61 days out of the 121-day period that began 60 days before the security’s ex-dividend date. (The ex-dividend date is the date after the dividend has been paid and processed and any new buyers would be eligible for future dividends.)
• For certain preferred stock, the security must be held for 91 days out of the 181-day period, beginning 90 days before the ex-dividend date. The amount received by the fund from that dividend-generating security must have been subsequently distributed to you.
• You must have held the applicable share of the fund for at least 61 days out of the 121-day period that began 60 days before the fund’s ex-dividend date.

@msf: I continue to be befuddled by M*'s romance with Harris, Oakmark, Herro, and Nygren. Does M* have no way to send these underperforming hurlers to the showers?

Credit Suisse has reached an agreement with the [current] owner of the First Boston brand to use the name for its new investment bank spinoff ...
Credit Suisse took over First Boston in 1998 after forming a joint venture with the bank in 1978.
Following the takeover, the Swiss bank continued to run its investment banking activities in New York under the brand name of Credit Suisse First Boston until 2005.
...Credit Suisse was considering an option to reintroduce the First Boston brand ...

How do you handle the scrutiny that comes with being such a large shareholder in controversial names such as Credit Suisse CSGN: CH?
You stay focused on doing what is best for your clients, which means pushing managements to stay focused on long-term value creation.

Mobius, founder of Mobius Capital Partners, has been a longtime booster of Chinese equities, yet revealed why he’d changed his mind ...
The investor revealed that he had funds trapped in an account with HSBC in Shanghai. “I can’t get my money out. The government is restricting the flow of money out of the country,” he said.
Mobius continued that the Chinese government was “putting all kinds of barriers” in his way. “They don’t say, ‘No, you can’t get your money out,’ but they say, ‘Give us all the records from 20 years of how you’ve made this money,’ and so forth. It’s crazy.”