457b vs. 401k: WHAT'S THE DIFFERENCE?

by | Aug 23, 2022 | 457 Plan | 11 comments

457b vs. 401k: WHAT'S THE DIFFERENCE?




This video is about the differences between 457b and 401ks. We discuss the pros and cons of 457b plans and how they differ from standard 401ks.

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11 Comments

  1. Joshua Afrifa

    Thanks a lot !!! however I do have a question, right now I’m currently putting 2% into both but I’m looking to increase it to put 10-20 % (total). do you think it’s wise to just stick to splitting it evenly? or should I put more into the 401(k)?

    Btw I work for a state agency in NY. So we don’t get matched since pension is provided.

  2. bigtoeknee11

    One big advantage to the 401k is that it is protected from Bankruptcy and Lawsuits.

  3. Ann Jean

    This is a great and very helpful video!
    Thank you for sharing.

  4. Millennial Money

    Your channel is so helpful, new subscriber here! I finally started my 457b up again at my new City. I used to work for a County with a 4% match and although my new job has a higher salary, there is no match. I have my old 457b plan there still but need to figure out the rollover. I think rolling over to my new 457b is best since I can access funds penalty free before 59.5. I am hoping to retire before that so I think that's my best bet! I just wish there wasn't so much paperwork for government retirement plans.

  5. Kimera K-otik

    I appreciate you sir! Clear and informative!

  6. Ma Ha

    My job (nurse) offers 403b and 401k. Can I Contribute both?

  7. C J

    Any recommendations on books or websites to research info on 457b?

  8. ff59

    I have been using our 457 since I was a probie, It has grown to a pretty good amount.

  9. Amico1

    I use our 457b, but the fees are pretty high.

  10. CitizenOfTheYear

    Very good content and informational!

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