457b Retirement Plans for Dummies

457b Retirement Plans for Dummies

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A 457 b is a tax advantaged retirement savings plan.

In some ways its pretty similar to the more common 401k plan or even TSP or 403b plans

401k plans are much more likely to be offered at a private for profit company

TSPs are usually offered to employees of the federal government

457bs and 403bs are usually offered to employees of non profit organizations, local and municipal government employees, or employees of public safety organizations such as law enforcement or firefighters.