The challenge to manage Deferred Compensation Plan can consume your time and effort and overwhelm you. But no more - DocHub is here to take the hard work out of modifying and completing your documents. You can forget about spending hours adjusting, signing, and organizing papers and stressing about data security. Our platform offers industry-leading data protection procedures, so you don’t have to think twice about trusting us with your privat information.
DocHub works with various data file formats and is accessible across multiple systems.
- What is a 457 or a deferred comp? Were getting into it in this video. (upbeat music) A 457 is very similar to a 401(k), but its for state or government employees. And we talked about 403bs. You can actually look at the video up here if youre interested in that. And the unique thing about school boards is theyre state employees, but they can also have 403bs and 457. So sometimes youll see both. But if youre not in the school board, you probably just have a 457 available to you. What a 457 is, is its basically a government 401(k), but theres a few different distinctions. First of all, if youre still working with a 403(b) or a 401(k), you can actually get access to your money at age 59 and a half without a tax folio. If youre still working at 457, you have to wait until age 70 to get access to your money. But for those of you retiring early this is really important because we have a lot of firefighters and police officers and other government employees that can retire early yo
