Learn about 457(b) payout penalties. Rolled-over funds or other plan types can trigger fees. Avoid the 10% early withdrawal ...

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 ...

Contributions to 457 plans grow tax-deferred until they're withdrawn, at which point distributions are taxed as ordinary income regardless of age.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 ...

The 457 b plan can help you secure a better retirement. In the world of workplace-based retirement plans, the 401(k) plan reigns supreme, but many workers are offered a 457 b plan that's available to ...

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(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 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 ...

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 ...

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 ...

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 ...