Like its better-known sibling — the 401(k) — a 457(b) retirement plan is a tax-advantaged way to save for retirement. But the 457(b) is designed especially for employees of state and local governments ...

In a recent edition of its Employee Plans News publication, the IRS provided further guidance on what formal voluntary corrections it will accept from 457(b) plan sponsors that discover their plans ...

For these purposes, all plans in which the individual participates as a result of his or her relationship with a single employer are treated as a single plan. 8 Where excess deferrals have arisen out ...

Broadcast Retirement Network's Jeffrey Snyder discusses the ins and outs of selecting a recordkeeper for an employer's 401k (or 403(b) or 457(b)) plan with World Investment Advisors' Robert Scherzer.

A financial hardship provision allowing distributions to participants with financial difficulties is optional at the employer’s discretion. However, if included an “unforeseeable emergency” must be ...

Recent changes under SECURE 2.0 require all 457(b) non-governmental (tax-exempt) plan sponsors to adopt compliance amendments by the end of 2025 to remain in compliance with federal law. While the ...

Planning how and when to withdraw money from your retirement accounts can have a big impact on how much of your savings you actually get to keep. This is especially true with 457(b) plans, which are ...

I turned 51 years old six months ago and forgot to adjust my employer retirement account settings to max out my contributions this year. As a result, I contributed $23,000 to my 403(b) and $23,000 to ...

State and local government employees can invest more in their 457 plans in 2026 than in 2025. Similar to the better-known 401(k) plan in the private sector, the 457 plan (sometimes called a "457(b) ...

Planning for retirement often comes with questions about when and how you can tap into your savings. One such question many people ask is, “Can I withdraw from my 457 while still employed?” Unlike ...

Why Should I Invest in my Retirement? Financial planners estimate that you'll need between 70-90% of your pre-retirement income to live comfortably in retirement. Retirement income is typically made ...