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Retirement Planning

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  2. Tax Knowledge Database
  3. Retirement Planning
  4. What is a 457 Plan?

What is a 457 Plan?

A 457 Plan is a nonqualified salary reduction retirement plan that is available to government workers, including municipalities. There is no tax on the money you save through this plan or on what it earns until you take the money out. The catch is you can't take any money until you leave your job.

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