Accessibility Menu

Understanding 457 Plans

By Motley Fool Retirement TeamUpdated Nov 25, 2024 at 7:07 PM

Key Points

  • 457(b) plans are tax-advantaged, employer-sponsored retirement accounts for certain employees.
  • Contributions to a 457(b) don't affect the amount you can contribute to a 401(k) or 403(b).
  • Withdrawals from a 457(b) are possible at any time without early withdrawal penalties.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.