Fact checked by Vikki Velasquez A 457 plan is a tax-advantaged retirement savings plan primarily used by employees of state and local governments, as well as certain non-profit organizations. Like 401 ...

Section 457(f) of the U.S. Internal Revenue Code provides a framework for nonqualified deferred compensation arrangements commonly offered by tax-exempt and governmental employers. 457(f) plans ...

Reviewed by Andy Smith Fact checked by David Rubin For previous generations, working in the public sector ensured a guaranteed income in retirement through a pension benefit. However, public-sector ...

Planning how and when to withdraw money from your retirement accounts can have a big impact on how much of your savings you actually get to keep. This is especially true with 457(b) plans, which are ...