A 457 plan is a type of retirement plan offered by government and nonprofit organizations. 457 plans allow you to defer a portion of your pay, invest in various assets, and pay taxes upon withdrawal.

Comparing 457 plans to other retirement plans 457 plan vs. 401(k) Both 457 and 401(k) plans are powerful tax-advantaged retirement savings vehicles for employees to grow their wealth.

457 plan contribution and catch-up limits for 2025. The maximum amount you can contribute to a 457 retirement plan in 2025 is $23,500, including any employer contributions.

The 2025 Top Retirement Plan Advisers list contains 267 advisers who stand out for their service of all types of retirement plans. ... 100% of clients that are 401(k) plan sponsors, or 10 or more ...

The movement of funds from a 457(b) plan to an IRA, typically tax-free if completed within 60 days, is actually shifting money from one tax-advantaged account to another.However, any distributions ...

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.

He goes on to list a few caveats, noting that the answer depends on what type of 457 plan the reader contributes to. For instance, a government employee with a governmental 457 plan can also make ...

A 457 plan is a kind of defined contribution retirement plan for state and local public employees. It can also be offered by certain nonprofit organizations.

Unlike other employer-sponsored retirement plans, you can withdraw money from your 457 plan before the age of 59½ without incurring a penalty. But remember, the taxes on the withdrawal still apply.

The maximum amount you can contribute to a 457 retirement plan in 2024 is $23,000, including any employer contributions. That’s an increase of $500 over 2023. For example, if your employer ...

A 457(b) retirement plan is a tax-advantaged saving scheme available to government and certain non-profit employees. It allows participants to defer income taxes on retirement savings until the ...