What is a 457 Plan?
A 457 Plan is a nonqualified salary reduction retirement plan that is available to government workers, including municipalities. There is no tax on the money you save through this plan or on what it earns until you take the money out. The catch is you can't take any money until you leave your job.
Need Professional Help?
If you need help with "Retirement Planning" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.