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Episode 103: What to know about 457 plans
Manage episode 418360800 series 3353948
תוכן מסופק על ידי Elisa Chiang. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Elisa Chiang או שותף פלטפורמת הפודקאסט שלהם. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.
Depending on where you work, you may have the ability to invest in a 457 plan. 457 plans are another type of retirement account where money can grow tax free similar to a 401K or 403B but there are some important differences compared to 401Ks and 403Bs. Depending on your employer, it may not be a good idea to invest within their 457 plan. Generally, if you work for a government employer, like a county hospital, then you’re safe investing in a 457 plan. If you work for a community hospital, you’ll need to be very confident in the hospital’s financial situation before contributing to a 457 plan. This episode discusses the nuances of 457 plans and how they different from other retirement accounts.
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