Basic Information on 457 Plans

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Basic Information on 457 Plans
Forbes

Mar. 19, 2010

Excerpt: [T]he Economic Growth and Tax Relief Reconciliation Act of 2001 substantially overhauled the major provisions of this plan, making it much more like 401(k) and 403(b) plans. However, this plan still differs substantially from its mainstream cousins in some respects. This article outlines the basic tenets of 457 plans and how they work.

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