How Does A 457 Retirement Plan Work?

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    David RacichPRO
    Fountain Hills, Arizona
    Under 457(b) Plans allow employees of businesses and sponsoring organizations to defer income taxation on retirement savings into future years. Deferring income over the years prior to retirement can have a significant tax advantaged effect on the savings versus investing in after tax dollars. Many businesses allow for these plans when traditional deductible plans have maxed out.
     
    Answered on June 7, 2013
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