What Is The Difference Between A 401(k) Plan And A 457 Plan?
BUSINESS

What Is The Difference Between A 401(k) Plan And A 457 Plan?

There are two types of employee retirement savings plans tax-advantaged by the Internal Revenue Service, the 401(k) plan and the 457 plan. IRAs are tax-advantaged plans in which participants can deposit pretax money until it is withdrawn before it is taxed. In addition to Social Security and pensions, these accounts were designed to assist with […]