For 457(b) and other retirement plans that require RMDs—which means non-Roth plans—RMDs must start at these ages: 70½ if you were born before July 1, 1949 72 if you were born between July 1 ...

A 457 plan is a type of retirement plan offered by government and nonprofit organizations. 457 plans allow you to defer a portion of your pay, invest in various assets, and pay taxes upon withdrawal.

A 457 plan can also be used in tandem with other accounts like a 401(k) or IRA. In many cases, you may be able to choose both a 457 and another plan to maximize your contributions.

457 plan contribution and catch-up limits for 2025. The maximum amount you can contribute to a 457 retirement plan in 2025 is $23,500, including any employer contributions.

The Internal Revenue Service (IRS) announced on November 1, 2024, that the maximum contribution limit for 401(k), 403(b), ...

A 457 plan is a kind of defined contribution retirement plan for state and local public employees. It can also be offered by certain nonprofit organizations.

As a retired New York City employee, I don’t pay New York State taxes on my pension payments.Are the distributions from my 401(k) and 457 plans also considered annual retirement payments and ...

A 457 plan is a kind of defined contribution retirement plan for state and local public employees. It can also be offered by certain nonprofit organizations.