What Is A Section 457 Retirement Plan?

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    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    A section 457 retirement plan allows the participant to contribute some of their salary on a pre-tax basis. You don't pay any federal or state income taxes on the amounts you contribute  until the funds are withdrawn or you take regular distributions from your account at retirement. It's generally accepted as a supplement to you main retirement plan. 

    Answered on July 26, 2013
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