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The 457 (b) retirement plan offers many advantages to government workers, including tax-deferred growth of their savings, but these plans do come with some drawbacks. Here’s how the 457 (b)...
The 457 plan is a type of nonqualified, tax advantaged deferred-compensation retirement plan that is available for governmental and certain nongovernmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre tax or after-tax (Roth) basis.
Prudential Financial, Inc. is an American Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, retirement planning, investment management, and other products and services to both retail and institutional customers throughout the United States and in over 40 other countries. In 2019, Prudential was the largest ...
Not all 457(b) plans allow for rollovers, and when they do, the rollover has to be made into another eligible retirement plan. In some cases, certain conditions such as not completing the...
In 2024, the catch-up contribution limit for 401(k), 403(b) and most 457 plans is $7,500. That means you can contribute up to a combined $30,500.
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