Investing Tip #114: Minimize Investing in 457 Plans http://thecollegeinvestor.com/14309/investing-tip-114-minimize-investing-457-plans/?utm_campaign=coschedule&utm_source=pinterest&utm_medium=The%20College%20Investor%3A%20Young%20Adult%20Investing%20(Money%20Management)&utm_content=Investing%20Tip%20%23114%3A%20Minimize%20Investing%20in%20457%20Plans
457 plan - The 457 plan is a type of non-qualified tax advantaged deferred-compensation retirement plan that is available for governmental and certain non-governmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre-tax basis.
You won't be able to save more in a 401(k) or individual retirement account in 2016. Here are the ways your retirement accounts will change in 2016. The contribution limit for 401(k)s, 403(b)s, most 457 plans and the federal government's Thrift Savings Plan will remain $18,000 in 2016.
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