Web Results

www.thebalance.com/what-is-a-457-b-plan-2894165

A 457 plan or 457(b) plan is an employer-sponsored, tax-favored retirement savings account. This type of plan is offered to state and local government employees, including police officers, firefighters, and other civil servants. Some high-paid (or "top hat") executives at certain nonprofits like hospitals, charities, and unions also get access to 457(b) plans.

blog.paladinregistry.com/retirement/need-know-457b-plans...

There are also some possible disadvantages with 457(b) plans though: Sometimes there is a lack of quality 457(b) choices for you to invest in (either too expensive, not enough investment options, etc.) You lose the benefit of no 10% penalty on early withdrawals if you roll your pre-tax 457(b) plan into a traditional IRA

www.sapling.com/7405387/cash-out-457b-plan

A 457(b) plan is a tax-advantaged retirement plan restricted to state and local public governments and qualifying tax-exempt institutions. As with a 401(k) plan, you can get a tax deduction on money you contribute to a 457(b) plan, and your earnings grow on a tax-deferred basis.

www.investopedia.com/articles/personal-finance/111615/457...

One of the best benefits of the 457(b) is that it allows you to put double the amount toward your retirement plan. If you’re within three years of normal retirement age (according to your plan ...

pocketsense.com/403b-457-plan-7737413.html

However, these advantages are countered by certain disadvantages: You cannot roll 457 plan assets into an IRA and the plans provide little protection against the claims of creditors. Certain kinds of 457 plans, called 457f plans, involve a substantial risk of forfeiture. If the entity holding your assets goes bankrupt, you could lose all your ...

money.com/money/4392778/the-one-big-advantage-of-a-457-retirement...

Every plan is different, but 457(b) accounts typically don’t offer nearly as many investment options as IRAs, says Scheil. In many cases, adjusting your asset allocation or making other changes is more cumbersome in a 457(b) than in an IRA. “It’s also easier to do estate planning with an IRA,” he adds.

money.cnn.com/2000/03/23/pensions/q_retire_457

The 457 plan is similar to the 401(k) that is common in the private sector and offers similar advantages. The biggest boon is tax deferral. Contributions to a 457 are taken from your gross income ...

www.nrsforu.com/.../learning/library/Whatisa457bPlan.jsp

What is a 457(b) Plan? If you’re an employee of a city, county, township, park board, water district or similar entity, your employer may offer a tax-exempt savings benefit known as a government 457(b) deferred compensation plan.

www.irs.gov/retirement-plans/non-governmental-457b...

Non-governmental 457(b) (Top Hat) plans must file a notification of the plan’s existence with the Department of Labor. Common compliance issues for 457(b) plans. Failure to limit participation in a non-governmental 457(b) plan subjects the plan to ERISA Title I funding requirements.

www.igrad.com/articles/pros-cons-457-plan

Helping college students and graduates succeed with custom financial literacy programs for colleges and resources for financial aid questions, careers, personal finance