Long story short:
My wife works for a non-profit and we've been maxing out her 401k and 457b. Since her organization is not a public entity, the 457 is technically owned by her organization, not her. A legal judgement has just been made against her employer and therefore the account is at risk of seizure.
As far as I know, she can't move her account to another deferred (like IRA) without severing employment. So would the only option be cashing it out and paying taxes on the lump sum? I'd rather not pay 10s of thousands in taxes on this and lose tax deferred growth.
Any ideas?
