457 plans are employer sponsored, non-qualified deferred comp plans for some non-profit or state and local government employees. For those seeking to maximize their retirement savings, a 457 plan can be utilized in addition to 401(k) or 403(b) plans.

Key Benefits:

  • Contributions made through payroll deductions
  • Taxes are deferred until distributions are made
  • Penalty free distributions after 59 ½ may be permitted
  • Distributions must begin by age 70 ½ unless still employed at that company

Ready to learn more?

Call 864-288-2849 or submit a contact form to learn more and get started.

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