Eligible education workers can contribute to 403(b) and 457(b) plans, giving them flexibility when deciding how to save and use retirement funds.

Contributions to 457 plans grow tax-deferred until they're withdrawn, at which point distributions are taxed as ordinary income regardless of age. Unlike 401(k) or 403(b) plans, 457 plans don't impose ...

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 retirement plan is used by state or local government employees. Those who work for a tax-exempt nonprofit can also take advantage of a 457. But this is often seen as one of the more complex ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...