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Community: Investing Wiki

Term Of The Hour

457 retirement plans: Original post by Linsay Evans of Demand Media The Internal Revenue Code (IRC) 457 allows local and state government employees and employees of tax-exempt, non-governmental entities to defer income taxation on retirement savings. To quality, tax-exempt organizations must fall under the auspices of IRC 501. IRC 457s provide advantages, namely that retirement contributions and earnings are…

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