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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Great video. Thanks
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.
One big advantage to the 401k is that it is protected from Bankruptcy and Lawsuits.
This is a great and very helpful video!
Thank you for sharing.
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.
I appreciate you sir! Clear and informative!
My job (nurse) offers 403b and 401k. Can I Contribute both?
Any recommendations on books or websites to research info on 457b?
I have been using our 457 since I was a probie, It has grown to a pretty good amount.
I use our 457b, but the fees are pretty high.
Very good content and informational!