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 ...

My wife and I are both physicians and we have been contributing to our employer-retirement plans since residency training. This includes Roth 403(b), tax-deferred 403(b) and tax-deferred 457(b ...

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 ...

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.

The Internal Revenue Service (IRS) issued proposed regulations providing guidance on how to interpret and implement changes to ...

Catch-up contributions for participants ages 50 and up in workplace plans, including 401(k)s, 403(b)s, governmental 457 plans and the federal government’s Thrift Savings Plan, are $7,500.

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 ...

The saver’s tax credit is available to eligible taxpayers who contribute to employer-sponsored 401(k), 403(b), SIMPLE, SEP, thrift savings plans (TSPs), or governmental 457 plans. It is also ...

The IRS issued Proposed Regulations last month which provide helpful clarity for employers on how to implement and comply ...