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.

Do I have to distribute the balance of an inherited 457 plan by the end of the 10 th year after the year of death of the original account owner? That's the question Jeffrey Levine, chief planning ...

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.

Plans for governmental agencies is that when they are combined with a governmental 457(b) Plan, employees eligible for both plans may “double dip.” This is a common scenario for employees of public ...

There are different accounts available to help you save for retirement, including a 457 and 403(b). You may be able to contribute to one or both if you meet the eligibility requirements and work ...

Section 457(b) Plans provided by Tax-Exempt employers for their highly compensated employees and/or a select group of management employees (“Tax-Exempt 457(b) Plans”) are subject to required ...

Thrift Savings Plans and most 457 plans – an increase of $2,000 from 2022. The catch-up contribution for employees ages 50 and older increased from $6,500 to $7,500 for a total contribution ...

Understand how a 457 plan works after retirement, including withdrawal rules, rollover options, tax implications, and strategies to maximize your savings.