Search results
Results from the WOW.Com Content Network
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: 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.
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 ...
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.
Created in 1978, a 457 (b) plan is a non-qualified tax-deferred compensation plan similar to qualified plans such as the 401 (k) and 403 (b). If you work for a state or local government or for a tax-exempt organization, you may be able to participate in a section 457 deferred compensation plan. [1] The 457 plan may be available as an additional ...
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.
I mention this in case it influences 403b vs 457b decision. Q3: Muni vs Tbills at higher tax brackets: Last thing: I've been reading about bonds in taxable accounts esp. at higher tax brackets. My understanding is Tbills are not taxed at state level, Muni's are not taxed at federal level, and also POSSIBLY at state level.
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%.