Kim Solecki
By Kim Solecki 3/21/2024
Prior to the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE), and the SECURE 2.0 Act of 2022 (SECURE 2.0), for state and local governmental employers sponsoring eligible 457(b) deferred compensation plans (457(b) plans), age 70½ was a significant age for the following...
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By Kim Solecki 7/20/2022
Basic rule: General 457 annual contribution limit
There is one limit on the amount of contributions an individual may defer to an eligible 457(b) deferred compensation plan in a taxable year: The annual limit on contributions under Internal Revenue Code Section 457(b)(2).
Under Section 457(b)(2...
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