See how we rate investing products to write unbiased product reviews. A 457 plan is a type of deferred compensation plan for workers in the government and nonprofit sectors. It is considered one ...

My wife and I are both physicians and we have been contributing to our employer-retirement plans since residency training. This includes Roth 403(b), tax-deferred 403(b) and tax-deferred 457(b ...

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.

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.

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 ...

The elective deferral limit for 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan will increase from $22,500 to $23,000. The catch-up contribution limit for those 50 ...

Did you know that, in most cases, you must start taking required minimum distributions (RMDs) from your retirement accounts ...

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 ...

The 401(k) contribution deadlines and limits also apply to Roth 401(k) and 403(b) retirement plans. This year's contribution limits for 457 plans are similar, but there is a separate catch-up ...