Everett Moreland Posted March 31, 2005 Posted March 31, 2005 A client has asked about a "461 plan" as an alternative to a 457 plan. Anyone heard of this? Know anything about it?
david rigby Posted April 1, 2005 Posted April 1, 2005 Could it be a 457 plan, plus $4K catch-up contributions? Hey, nobody said it had to make sense. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Everett Moreland Posted April 1, 2005 Author Posted April 1, 2005 pax: From the context of the question my guess is the client is referring to a 451 plan for a federal credit union, but maybe there's something new out there.
mbozek Posted April 1, 2005 Posted April 1, 2005 IRC 461 regulates when deductions accrue for tax purposes- it has nothing to do with NQDC plans. mjb
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