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Understanding 457 Plans

By Motley Fool Retirement Team – Updated 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.
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