Lesson 13 Section 457 Plans for Municipal and State Employees
Municipal and state employees enjoy yet another variation of the defined contribution plan. Section 457 plans, however, are a distinct breed of animal with individual quirks. Typically, there is no employer match or contribution—only voluntary employee tax-deductible contributions.
Do-It-Yourself
457 Savings Calculator: A 457 plan can be one of your best tools for creating a secure retirement. Use this calculator to see why this is a retirement savings plan you cannot afford to pass up.
Technically, in a non-qualified, tax-deferral program, contributions are limited to the lesser ...
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