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March 11, 2025
featured illustration for the article what is a 457 retirement plan

What is a 457(b) Retirement Plan and How Does It Work?

When planning for retirement, most people are familiar with 401(k) plans and IRAs, but fewer know the answer to an important question: what is a 457 retirement plan? This tax-advantaged savings vehicle is specifically designed for employees of state and local governments and certain nonprofit organizations, offering unique benefits that set it apart from other...
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