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a 457 is like a 401k, but it is usually offerred by governments rather than businesses. an IRA is an Individual Retirement Account...with the emphasis on individual. Ira is not typically offered to employees by a business The withdrawal rules of a 457 are different from a 401k also...there's no 10% penalty for taking you money out before 59 1/2. Local and state government employers offer 457 plans to their employees but you have to be careful of costs. A lot of 457 plan providers charge a lot for their plans. These and similar questions about 457s are answered also at 457planinfo.com
If you work for a company that offers 401k benefits it is best to ask your manager or human resources representative for more information on this program, matching deposits, interest fees, and other details. Howevere, if your company does not offer this plan a bank can help you with basic details different retirement plans such as a 401k.
No, a 457 IRA is no the same as a Roth IRA. A 457 IRA is a type of retirement account that holds money pre-tax, so when the money is withdrawn in retirement, it is taxed as income at that time. A Roth IRA is funded with after tax dollars, and taxes are not assessed at the time of withdrawal.
The factors of 457 are: 1 457 (457 is a prime number )
You should be able to do this but you may want to look at the plans rules and documents to determine your best method to do this for your benefit. You definitely can close your account but you really can't withdraw your funds before you separate from service (unless you have an unforeseeable emergency). Once you separate, you can close out your account by withdrawing it all or transferring it to another employer's 457 plan or to an IRA. Watch out though when transferring to an IRA...you can take the money penalty-free from a 457 plan at any age after you leave your job, but have to be 59 1/2 or over to avoid a 10% penalty when pulling money from an IRA (with some exceptions). Other 457 plan answers can be found at 457planinfo.com
457
903-457 = 446
457 = CDLVII
There are about 65.3 weeks in 457 days. Simply divide 457 by 7.
457
457 + 96 = 553
457*3 = 1371