Employees of state and local governments can stash more money in their 457 plans this year, building bigger nest eggs for retirement. The maximum amount you can contribute to a 457 retirement plan in ...

Like its better-known sibling — the 401(k) — a 457(b) retirement plan is a tax-advantaged way to save for retirement. But the 457(b) is designed especially for employees of state and local governments ...

A 457(b) retirement plan is a tax-advantaged saving scheme available to government and certain non-profit employees. It allows participants to defer income taxes on retirement savings until the funds ...

The maximum amount you can contribute to a 457 retirement plan in 2022 is $20,500, including any employer contributions. That’s an increase of $1,000 over 2021. For example, if your employer ...

Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor (CRPC), Retirement Income Certified Professional (RICP), and a Chartered Socially Responsible Investing ...

I started a new job that offers a 457 retirement plan rather than a 401(k). Are the rules the same? The private-sector 401(k) and the 457 plan for public-sector employees have a lot in common. Both ...

State and local government employees can invest more in their 457 plans in 2025 than in 2024. Similar to the better-known 401(k) plan in the private sector, the 457 plan (sometimes called a "457(b) ...

Question: “I have a 457 retirement account through my previous employer. I was told no RMDs will occur as I technically do not own the account. If I roll it over, I am certain it will make more than ...

If you work for a private company, a 401(k) plan with matching contributions may be best. If you work for a government agency or non-profit organization, a 457 plan with more flexible withdrawals may ...

People aged 50 and up who are looking to ramp up their retirement savings through the use of catch-up contributions to IRAs ...

The Brandeis University 457(b) Deferred Compensation Plan is a non-qualified plan under federal tax law and IRS regulations offered to the Senior Management Group. It allows eligible employees to save ...