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SPONSORED LINKS: Revolutionary Trading Platform Top Currency Trading Platform The 457 plan is a type of non-qualified tax advantaged deferred-compensation retirement plan that is available for governmental and certain non-governmental employers in the United ... http://en.wikipedia.org/wiki/457_plan457 -- Get latest information on 457 retirement plans and tax deferred compensation plans. 457.com offers 457 plans designed for state and municipal workers.. http://www.457.com/The 457 retirement plan is similar in structure to the better known 401K plans. This plan gives eligible employees the option to defer taxes until the time of disbursements. http://ezinearticles.com/?Understanding-the-457-Retirement-Plan&id=781096Get information on 457 retirement plans and tax deferred compensation plans. Nationwide Financial offers 457 plans designed for state and municipal workers and employees of ... http://www.nationwide.com/457-retirement-plans.jspPlans of deferred compensation described in IRC section 457 are available for certain state and local governments and non-governmental entities tax exempt under IRC 501. http://www.irs.gov/retirement/article/0,,id=172437,00.htmlA 457 plan is a kind of defined contribution retirement plan for state and local public employees. It can also be offered by certain nonprofit organizations. http://money.cnn.com/retirement/guide/401k_457plans.moneymag/index.htmMoney deferred into non-governmental 457 plans may not be rolled into any other type of tax-deferred retirement plan. It may be rolled only into another non-governmental 457 plan. http://www.answers.com/topic/457-plan457 plan - definition of 457 plan - A tax-exempt deferred compensation program made ... employer matching contributions and the IRS does not consider it a qualified retirement plan. http://www.investorwords.com/14/457_plan.htmlRetirement Plans, 457 Plan: What is a Section 457 plan? A Section 457 plan is a long-term retirement, deferred-compensation plan that?s available only to state and ... http://www.winthers.com/Financial_Group/pension_and_retirement/457_retirement_plans.htmThis article from The Investment FAQ discusses retirement plans, specifically 457(b). http://invest-faq.com/cbc/ret-plan-457b.htmlDon't Second Guess Your Retirement Years - You Must Set Goals for Your Retirement!
When you start planning for your retirement, the first thing
you'll need to do is think about how you will be spending your time once you
are retired. Will you spend most of your time golfing, quilting or driving
around the country in your RV? Will you take a lot of trips? Where will you
go? How much will you need to save to pay for all of the things you want to
do?
When you are retired, you will have time to travel wherever you want to go. You will be able to take up hobbies that you never had time for. Think about what you would enjoy doing when you are beginning to save so that you will have an idea of how much you will need. It costs a lot more to travel all over the world than to sit at the side of a pond fishing all day. Another aspect of retirement planning that many people neglect is planning for a healthy retirement. If you are healthy, you will get a lot more enjoyment out of your retirement years. By eating well and exercising regularly, you can keep your body in good shape so that you won't have to limit your activities for health reasons once you reach retirement age. You should also think about who you will spend time with once you retire. If all of your friends are at work, retirement can be pretty lonely. Try to make friends with people who will still be around when you are no longer working, such as neighbors, club members and people from your church. Then, of course, there is the financial planning. Start by checking to see where you are. Check your social security statement (they send one every year) to see how much you can expect to receive once you retire. Do you have any retirement savings already? How much more will you need to save? How many years do you have left to save? Once you have determined how much you need to save, you'll have to figure out how to do it. Talk to a financial planner to get an idea of the kind of return you can expect to get for your investments and to find out how much you will have to set aside each month to reach your goals. Then find a way to fit that amount into your budget and do it.
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