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We explain the 457(b) Deferred Compensation Plan. If you are a state employee or government employee you probably have access to a 457 Deferred Comp plan. How does a 457 b plan work? What's the difference between a 457 and 401k? When can you take money out of your 457 plan? 457 deferred...
A 457 plan is not often spoken about because it is only typically available for government employees or some teachers. In this video I talk about the distribution rules for a 457 and how to think through the process of retirement income. LADIES: Join my online community = ====================== My...
Learning about by 457b was one of the greatest things that has ever happen to my retirement savings. 457's are only available to a select few and most don't even know they are eligible for one. They come with all the amazing benefits of a 401k or 403b with one MAJOR perk which has led me to max...
***2022 updates included in description: A 457 retirement plan is a way for you to invest in your future by using tax benefits and compound interest. Some people refer to it as "Deferred comp" or "Deferred Compensation Plan". It's very similar to a 401k with a few small differences we'll discuss...
