What should I do with this retirement account that I don’t need? Updated 9:30 PM; Q. I’m 55 and retiring in November. I have a 457 plan worth $75,000 that I will have to reinvest. I don’t plan to use this money immediately because I have other retirement funding. What should I do? — In the money A. Congratulations on your upcoming retirement. Before considering your options, it’s important to understand the type of 457 plan that you have, said Kenneth Van Leeuwen, a certified financial planner with Van Leeuwen & Company in Princeton. If you have a governmental 457(b) plan, you will have the option to roll over your account to a traditional IRA, he said.