Know How to Use a 457 Retirement Plan Account

Know How to Use a 457 Retirement Plan Account
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Anne Johnson
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A 457 retirement plan is used by state or local government employees. Those who work for a tax-exempt nonprofit can also take advantage of a 457. But this is often seen as one of the more complex employer-sponsored plans. There are several variations.

When you go to withdraw from a 457, it can get a little tricky. What are the different 457 retirement plans, and how do they affect your retirement?

Two Types of 457 Plans

There are two types of 457 plans: the 457(b) and the 457(f).
Anne Johnson
Anne Johnson
Author
Anne Johnson was a commercial property & casualty insurance agent for nine years. She was also licensed in health and life insurance. Anne went on to own an advertising agency where she worked with businesses. She has been writing about personal finance for ten years.
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