Search results
Results from the WOW.Com Content Network
Re: 457 vs 403b Post by jharkin » Thu Dec 20, 2018 6:12 pm You'll have to look into the specific language of your pension plan, but I would be suprised if 457 contributions had any effect - as I suspect they are taking money out for the pension regardless of what you put into 457.
457's have more strict hardship withdrawal criteria, but if you're contributing to both 403b and 457b, you have some diversification ICE. I think, if the plans are about equal between ER's and fund selection, contributing to the 403b for the match and directing remaining to the gov 457b is a prudent choice as it gives youu added optionality.
Re: 403 (b) vs 457. by terran » Wed Sep 23, 2020 3:23 pm. I agree that the 457 (b) is preferred given the early withdrawal option with two big ifs: 1) if the 457 (b) is a governmental plan because if not then it's subject to the creditors of the institution and should be considered cautiously and only after maxing out other accounts and 2) if ...
457 vs 403b. Non-investing personal finance issues including insurance, credit, real estate, taxes ...
Thesaints wrote: ↑ Fri Jul 16, 2021 4:31 pm One can borrow from a 403b, but withdrawing from a 457b is penalty free. The catch is that you can't contribute withdrawals back in, whereas you can return the loan. Withdrawals from a 457b are only penalty-free (regardless of age) once separated from that employer. 02nz.
457 vs. 403b plans Post by HearDoc » Fri Aug 31, 2007 12:15 am Can someone simply explain the difference between a 457 and 403b retirement compensation plan ?
Re: 403b vs 457 Post by Mudpuppy » Sat May 06, 2017 5:29 pm If your district has a teacher's union, you can also ask the union representatives for help in petitioning the district to add low-cost providers.
457 vs 403b Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills. 121 posts
Re: 403b/457 vs TSP Post by neurosphere » Wed Oct 16, 2019 12:02 pm tsipareht wrote: ↑ Tue Oct 15, 2019 5:25 am If I took the 15k bonus, then of course I would be taxed by at least 50%.
If her 457is governmental, it depends on which is the better plan (lower cost). And whether withdrawing before age 59.5 is important in your situation. For people who have both 403b and governmental 457 available, the 457 is often a better choice because of fees. But not always.