Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [457b]

9 questions
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Why would anyone choose 403b over 457b?

Some employers offer both 403b and 457b as retirement plans. I looked at them, and it seems they are very similar, except that 457b does not have early withdrawal penalty. It seems 457b is better than 403b. So why would anyone choose 403b over 457b?…
Mas
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Are Governmental Roth 457b Distributions taxed if someone still works for the employer?

If someone has a Roth 457b plan, they're allowed to withdraw all the cash tax-free after they no longer work for the employer (as long as it's a qualified distribution). But if someone Still Works for that employer, can they withdraw their…
Tom
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457(b) withdrawal limits?

I have a 457(b) from a state (Minnesota) employer which allows me to withdraw money from it in either regular monthly amounts or via 1-time withdrawals. Years ago (5-7?) I was told that once I start regular monthly withdrawals, the maximum amount I…
scottef
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457(b) - funding options

I'd like to put some money we saved towards my wife's Roth 475b. Is it possible to just write a check from a personal account as a contribution or must is come out of her paycheck?
acpilot
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What is the reasoning behind high income requirements for 457b plan enrollment

If 457b plans are designed primarily for state and local government employees whose mean compensation is typically lower than 100K in the U.S., why would some institutions that employ state/local civil servants require a salary many standard…
iskandarblue
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Should I increase my regular 457(b) contributions or start a Roth 457(b)?

I am 28 years old and fortunately in a position where I am able to max out my Roth IRA contributions each year. I am also now contributing a similar amount (~$6,000/year) to my employer-sponsored 457(b) plan. I currently have approximately $44,000…
Jack
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Calculating a combined savings percentage when saving pre- and after-tax money

This seems like a really simple and obvious question, but I can't find any previous questions on this site that directly address it. Perhaps it's so simple that people find it trivial. Almost all basic retirement advice eventually discusses using…
Jack
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Am I on the right track? Feedback welcome!

Here's my situation: 43 y/o, married w/ two kids under 10. I'm in a defined benefit program and I have a formula where I can retire at 60 with 2% of my highest salary times the number of service years I accrued. By then it would be like 32 years.…
jayinla
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Is there a tax penalty for rollover from Thrift Savings Plan(TSP) to 457(b)?

I have non-roth funds in the TSP and have separated from the military. I'd like to move this to a public employee sponsered 457(b) so I can begin contributing again. Are there any IRS tax penalties (like the 10% penalty) for doing this?
TooSerious
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