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Hello everybody welcome back to the peak financial planning YouTube channel um this video is about 457b retirement plans so if youve ever had a 457b youve probably wondered what makes this account type unique how does it compare to 401ks individual retirement counts or 403b type of plans and then most importantly how do you make the best use of this account type as youre preparing for retirement thank you so a 457b is a tax advantaged retirement savings plan and in some ways its pretty similar to the more common 401k or even tsp and 403b plans 401K plans are much more likely to be offered at private or for-profit companies tsps usually offered at federal government jobs and then 457bs and 403bs are actually offered to employees of non-profit organizations local and municipal government employees or employees of Public Safety organizations such as law enforcement or firefighters so all these different types of retirement plans are designed with one goal in mind and thats to help yo