However, 457s offered by tax-exempt organizations generally have different eligibility, vesting, and distribution rules. You should be able to obtain this information from your benefits administrator. Even if your employer offers a traditional-defined benefit plan that pays you a set pension when you retire, you might want to take advantage of the opportunity to save even more in a 457 plan and reduce your taxable income now. Next The views represented above are those of the author, and the information provided here does not constitute any tax, investment or legal advice. The historical data presented are for illustrative purposes only.
Past performance is no guarantee of future results.