Like its better-known sibling — the 401(k) — a 457(b) retirement plan is a tax-advantaged way to save for retirement. But the 457(b) is designed especially for employees of state and local governments ...

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 funds ...

Planning how and when to withdraw money from your retirement accounts can have a big impact on how much of your savings you actually get to keep. This is especially true with 457(b) plans, which are ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Non-governmental employers that sponsor Section 457(b) deferred compensation plans should be mindful that December 31, 2025, is the deadline for plan amendments to reflect changes in law included in ...

Tax-exempt employers sponsoring 457(b) deferred compensation plans have until the end of the year to amend their plans—one year earlier than most other plan types. Initially, qualified and ...

Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor (CRPC), Retirement Income Certified Professional (RICP), and a Chartered Socially Responsible Investing ...

I turned 51 years old six months ago and forgot to adjust my employer retirement account settings to max out my contributions this year. As a result, I contributed $23,000 to my 403(b) and $23,000 to ...

Unlike virtually all other types of plans, 457(b) plans maintained by (non-governmental) tax-exempt entities—such as many charities, hospitals, insurers, and private universities—did not receive the ...

I turned 51 years old six months ago and forgot to adjust my employer retirement account settings to max out my contributions this year. As a result, I contributed $23,000 to my 403(b) and $23,000 to ...