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Special Tax Notice for 457 Plan or Non Qualified Deferred Form

Special Tax Notice for 457 Plan or Non Qualified Deferred Form

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457 plans what are they and should you have one get this question occasionally not a lot but not an insignificant amount either and I so I definitely real quick 457 times anytime I hear a 457 I know we're dealing with someone who's working for a non-profit or a government entity a university in particularly non-profit and what typically happens is we'll just use a typical example wife doesn't make a whole lot of money maybe $40,000 working for a non-profit SPCA or something like that they don't have a retirement plan other than her ability to contribute in a 457 typically or she works as a an admin over at the taxing authority for the county but she does have a 457 plan available or even in particularly she's a schoolteacher or a university admin of some sort a lot of universities will have 457 pointers husband is the primary breadwinner maybe he's run an electrician business or some like that and so the kids rather house wife has

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