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457 Plan

17 articles

A 457 plan is a tax-deferred retirement savings account offered by state and local government employers and certain nonprofit organizations. If your employer offers one, you can contribute a portion of your salary before taxes are taken out, letting that money grow without annual tax bills until you withdraw it in retirement. These plans work differently from 401(k)s in important ways—contribution limits are higher in some cases, withdrawal rules are stricter, and the tax treatment of conversions differs significantly.

The articles here explain how 457 plans function, what the annual contribution limits are, when you can actually access your money without penalties, and how to think about rolling funds into other retirement accounts. You'll also find information about the difference between governmental and nongovernmental 457 plans, since the rules diverge in meaningful ways depending on your employer type.

  1. 01How Deferred Compensation Works in a 457 PlanLearn about How Deferred Compensation Works in a 457 Plan
  2. 02How 457 Plans Work: Contribution Limits, Withdrawals, and Tax TreatmentLearn about How 457 Plans Work: Contribution Limits, Withdrawals, and Tax Treatment
  3. 03Other Retirement Account Types Worth Considering Alongside Your 457 PlanLearn about Other Retirement Account Types Worth Considering Alongside Your 457 Plan
  4. 04How 457 Plans Work: Contribution Limits, Tax Treatment, and Withdrawal RulesLearn about How 457 Plans Work: Contribution Limits, Tax Treatment, and Withdrawal Rules
  5. 05How a 457(b) Plan Works: Contributions, Withdrawals, and Tax TreatmentLearn about How a 457(b) Plan Works: Contributions, Withdrawals, and Tax Treatment
  6. 06How a 457(b) Plan Works: Tax-Deferred Savings for Government and Nonprofit WorkersLearn about How a 457(b) Plan Works: Tax-Deferred Savings for Government and Nonprofit Workers
  7. 07How a 457(b) Plan Works: Tax-Deferred Savings for Government and Nonprofit WorkersLearn about How a 457(b) Plan Works: Tax-Deferred Savings for Government and Nonprofit Workers
  8. 08How a 457 Plan Works: Contribution Limits, Withdrawals, and Tax TreatmentLearn about How a 457 Plan Works: Contribution Limits, Withdrawals, and Tax Treatment
  9. 09How a 457(b) Plan Works: Employer-Sponsored Deferred Compensation for Public EmployeesLearn about How a 457(b) Plan Works: Employer-Sponsored Deferred Compensation for Public Employees
  10. 10How a 457(b) Plan Works: Tax-Deferred Savings for Government and Nonprofit WorkersLearn about How a 457(b) Plan Works: Tax-Deferred Savings for Government and Nonprofit Workers
  11. 11How a 457 Deferred Compensation Plan WorksLearn about How a 457 Deferred Compensation Plan Works
  12. 12How a 457 Plan Works: Deferred Compensation for Government and Nonprofit WorkersLearn about How a 457 Plan Works: Deferred Compensation for Government and Nonprofit Workers
  13. 13How a 457 Plan Works: Contribution Limits, Withdrawals, and Tax TreatmentLearn about How a 457 Plan Works: Contribution Limits, Withdrawals, and Tax Treatment
  14. 14How a Roth 457 Plan Works and Who Can Use OneLearn about How a Roth 457 Plan Works and Who Can Use One
  15. 15How a Section 457 Plan Works: Deferred Compensation for Government and Nonprofit EmployeesLearn about How a Section 457 Plan Works: Deferred Compensation for Government and Nonprofit Employees
  16. 16How a 457 Deferred Compensation Plan WorksLearn about How a 457 Deferred Compensation Plan Works
  17. 17How a 457 Plan Works: Retirement Savings for Government and Nonprofit WorkersLearn about How a 457 Plan Works: Retirement Savings for Government and Nonprofit Workers