State and local government employees can invest more in their 457 plans in 2026 than in 2025. Similar to the better-known 401(k) plan in the private sector, the 457 plan (sometimes called a "457(b) ...

A 457(b) plan is likely your main retirement savings option if you work for the state or local government, or certain non-profits such as a church. With a 457(b) things can be a little confusing ...

If we’ve said it once, we’ve said it a hundred times (ok, maybe just that one time) – recruiting and retaining top talent can be a headache for nonprofit organizations forced to compete against ...

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 ...

Most of your working clients probably have an employer-sponsored 401(k) or 403(b) retirement plan, to which they should usually maximize their allowed contributions. But some of those clients may also ...

With very few exceptions, the rules governing governmental 457(b) plans require a “severance of employment” to occur before a distribution can be made. Recently, we came across yet another of those ...

Roth IRA and 457(b) plans give savers tax-advantaged ways to fund a secure retirement. Almost anyone can open a Roth IRA account with after-tax dollars that then grow tax-free. Only state and local ...

A 457 plan is a lesser-known retirement plan similar to a 401k. But these types of plans come with some added benefits. First off, it’s worth noting that there are two versions. The 457(b) plan is the ...

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 is a type of tax-advantaged retirement plan offered by government employers and some non-government employers. 457 plans work similarly to 401(k) plans, and allow employees to contribute a ...

If you work in the private sector, you likely have access to a 401(k) plan that allows you to put aside a portion of your paycheck toward a tax-deferred retirement account. However, government and ...

The tax laws give retirement savers several opportunities to earn tax benefits by saving for retirement. 457 plans are among the more obscure employer retirement plans, with 401(k) and 403(b) plans ...