Learn what a 457 plan is, its benefits, contribution limits, and how it compares to other retirement plans to see if it's right for you.
Roth IRAs and 457 retirement plans offer different tax advantages, and you may be eligible to contribute to both.
: Under Age 50, 403(b): $22,500, 457(b): $22,500 ; : Over Age 50, 403(b): $30,000, 457(b): $30,000
The 9 best retirement plans ; Defined contribution plans · IRA plans · Solo 401(k) plan · Traditional pensions · Guaranteed income annuities (GIAs) · The Federal Thrift Savings Plan · Cash-balance plans · Cash-value life insurance plan · Nonqualified deferred compensation plans (NQDC)
Both are retirement savings accounts. Learn what separates a 401(k) plan from a 457 plan.
If you're close to retirement and have a 457 plan, you'll need to know when and how to start withdrawing or rolling over your savings to ensure you do it right.
Make the most of your 401(k), IRA, HSA, and other tax-advantaged accounts to build wealth for retirement. Browse Investopedia’s expert-written library to learn more.
A 457 plan is a tax-advantaged retirement savings account available to many employees of governments and nonprofit organizations.
Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate products and services to help you make smart decisions with your money. Financial experts all agree that the sooner you start saving, the better. Retirement savings accounts offer long-term wealth-building features like compounding, tax advantages, and reti...
A 457 plan is a type of deferred compensation retirement plan with tax advantages that's typically offered to government employees and some employees of nonprofits.