Calculate 457(b) plan contribution limits ($23,000 for 2024, same as 401k). Available to government and some non-profit employees. Key advantage: no 10% early withdrawal penalty. Double limit catch-up in final 3 years before retirement.
Enter the values for the scenario you are assessing. Calculate 457(b) plan contribution limits ($23,000 for 2024, same as 401k). Available to government and some non-profit employees. Key advantage: no 10% early withdrawal penalty. Double limit catch-up in final 3 years before retirement. Use the 457(b) deferred compensation result to inform your calculation.