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KXLY February 9, 2021 7:36 AM Miranda Marquit - Forbes Advisor Posted: Updated: February 11, 2021 4:27 AM A 457(b) is a type of tax-advantaged retirement plan for state and local government employees, as well as employees of certain non-profit organizations. While the 457(b) shares a few features with the more familiar 401(k) plan, it also has some unusual features. Here’s what you need to know. What Is a 457(b)? A 457(b) is a tax-advantaged retirement plan primarily for civil servants, municipal employees, law enforcement officers and public safety personnel. In addition, executi...

KXLY February 9, 2021 7:25 AM Miranda Marquit - Forbes Advisor Posted: Updated: February 11, 2021 3:20 AM A 403(b) is a tax-advantaged retirement plan designed for non-profit organizations and certain government entities. The 403(b) works a lot like its more well-known counterpart, the 401(k), although it offers a few unparalleled benefits like enhanced catch-up contributions for tenured employees. If you’re saving for retirement with a 403(b) account, here’s what you need to know. What Is a 403(b) Plan? A 403(b) is a tax-advantaged retirement plan for employees of non-profit or...

KXLY December 15, 2020 1:16 PM Miranda Marquit - Forbes Advisor Posted: Updated: December 17, 2020 6:28 AM A Roth 401(k) is a defined contribution retirement plan funded by after-tax dollars. The Roth 401(k) plan shares many similarities with the Traditional 401(k) plan, although the latter is funded with pre-tax dollars. A Roth 401(k) also shares its after-tax contributions approach with the Roth IRA plan. However, there are important differences you should understand between a Roth 401(k), a Traditional 401(k) and a Roth IRA. Let’s take a closer look at all the details. Tax Diff...