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Are 457b plans worth it?

Like most retirement plans, 457(b) plans are good asset protection vehicles since they are generally protected from YOUR creditors. Governmental 457(b) plans are held in trust. Non-governmental 457(b) plans are subject to the creditors of your employer. Downsides of a 457(b) Plan. It's not all rainbows and unicorns. These plans have downsides, too.

What makes a 457(b) plan different?

A 457 (b) plan is an employer-sponsored, tax-favored retirement savings account. With 457 (b) plans, you contribute pre-tax dollars, which won't be taxed until you withdraw the money. A 457 (b) retirement plan is much like a 401 (k) or 403 (b) plan. Participants can generally contribute as much as 100% of an employee's includible compensation ...

How does 457 b plan work?

How the 457 (b) plan works A 457 (b) is similar to a 401 (k) in how it allows workers to put away money into a special retirement account that provides tax advantages, letting you grow your savings...

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