Talk:457 plan

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No Roth version, right?[edit]

Should there be a statement that no Roth version of the 457 plan exists? (I think this is true.) 71.122.142.53 (talk) 02:55, 13 October 2008 (UTC)

Nice catch. I added that because it is true. It's a little hard to add a citation for that type of fact, because IRS sources don't say it isn't allowed for 457 plans speicifically, they just define Designated Roth accounts as being for 401(k) and 403(b) plans. - Taxman Talk 02:40, 14 October 2008 (UTC)
Maybe this should be clarified. It currently says "Another difference is that 457 plan participant cannot make designated Roth contributions as participants in appropriately ammended 401(k) and 403(b) plans can." But this makes it sound like a participant in a 457 is not allowed to contribute to a Roth IRA or a Roth 401(k), which is incorrect. It might be better to say something along the lines of "There is no Roth version of a 457" to avoid confusion. —Preceding unsigned comment added by 74.178.9.166 (talk) 15:02, 20 December 2008 (UTC)

This is a bit outdated, now. There is a Roth 457 plan; I think it started this year (2011). 72.87.188.230 (talk) 01:07, 24 July 2011 (UTC)

Minimum Required Distributions[edit]

Does a 457(b) plan have the same required distributions at age 70.5? If so, it might be good if the article showed that. In addition, if there is no penalty for early withdrawals (i.e., before age 59.5), does this also mean that there is no penalty if someone does not start taking disbursements until they are much older than 70.5 (e.g., in their 80s)? Tesseract501 (talk) 17:01, 19 July 2012 (UTC)

Non-qualified[edit]

Why is this plan called non-qualified even though the contributions are made with pre-tax dollars? — Preceding unsigned comment added by 59.183.2.240 (talk) 11:51, 14 August 2013 (UTC)