Comparing 457(b) And 401(k) | Finance …
https://www.financestrategists.com/retirement-planning/401k/457b-vs-401k/
457(b) plans are better suited for those who work for a state or local government, or a tax-exempt organization. 401(k) plans offer more flexibility and could be the better choice for your retirement savings if you don't work for a state or local government, or a tax-exempt organization. Both plans have contribution limits and may offer employer matching contributions. A 401(k) is governed by ERISA, while a 457 plan is not. 457 plans allow penalty-free withdrawals before age 59 ½ if you retire, unlike 401(k) plans.
457(b) plans are better suited for those who work for a state or local government, or a tax-exempt organization.
401(k) plans offer more flexibility and could be the better choice for your retirement savings if you don't work for a state or local government, or a tax-exempt organization.
Both plans have contribution limits and may offer employer matching contributions.
A 401(k) is governed by ERISA, while a 457 plan is not.
457 plans allow penalty-free withdrawals before age 59 ½ if you retire, unlike 401(k) plans.
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