Matching contributions, profit-sharing contributions, and qualified nonelective contributions are nontaxable income. For more information, see Qualified Plans . For more information on MEA calculations, see your plan administrator. For information on plan withdrawals, see Qualified Plan Withdrawals . 457 plan withdrawals are taxable as ordinary income when you take them.
Futures are agreements to buy or sell an asset now for future delivery.
Futures, unlike options, require you to accept or tender delivery. Or you can use them to speculate on prices. Commodity producers buy and sell futures to hedge their exposure to changing prices. Speculators who shout themselves hoarse in New York and Chicago pits use them to make an old-fashioned killing. Most individual investors have no business buying individual contracts.