See how we rate investing products to write unbiased product reviews. A 457 plan is a type of deferred compensation plan for workers in the government and nonprofit sectors. It is considered one ...

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 ...

By the end of this post, you will know the difference between a 403(b) and a 457(b) plan and which one may be best-suited for you. Table of Contents The 403(b) Plan ...

So busting into a 457 plan early still isn't a good idea. Leaving the money to compound until you're ready to retire will leave you with a much bigger nest egg.

If the 457 plan is the only one your employer offers, the limits are the same as with a 401(k) - a maximum of $18,000 in 2016 for those under 50 years old, and up to $24,000 for those 50 and over.

Reaching the upper class isn't just about making more money -- it's about managing it wisely to sustain and grow your wealth.

City of Houston is searching for a bundled provider for its $1.2 billion 457 plan. The city is conducting the search because the contract with the current provider will expire Dec. 31, according ...

However, the IRS is reminding retirees who take their first distribution April 1 that they must also take their second RMD ...

Being older has its benefits. Here are two items exclusively for older adults that can help them save on taxes.

The new limit also applies to governmental 457 plans, 403(b)s and the federal government’s Thrift Savings Plan. For workers age 50 and older, the catch-up contribution is $7,500, unchanged from ...

(Note: The above income limits do not apply to traditional IRAs.) Contribution limits for 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan will increase by $500 for ...

For this article, we use the term "employee benefit" to refer to retirement plans, such as 403(b) arrangements, 457 plans, individual retirement accounts (IRAs), and other qualified plans.