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For certain governmental and tax-exempt organizations, a Section 457(b) plan is the established retirement plan for its employees. Like most retirement plans, the 457 (b) plan has specific rules and regulations that apply. For example, earnings grow on a tax-deferred basis and contributions are not taxed until the assets are distributed from the plan. Additionally, you are allowed to defer up to 100% of compensation not exceeding the applicable dollar limit for the year. If the plan does not comply with statutory requirements, the assets may be subject to additional rules. These are just a few of the regulations that may apply to this type of plan. As an individual investor or a plan administrator, navigating alone through the layers of complexity can be overwhelming at times. Allow our team of qualified financial advisors to do the work for you.
At Precision Financial Services Inc., we believe it is our responsibility to thoroughly inform you of your options, as well as, insolate you from any unforeseen ramifications derived from taxes or law. Our indepth knowledge and keen insight into government regulated programs will help protect your best interests. Our main objective is to be your most trusted advisor for your personal financial needs.
To speak directly with our expert, contact our office at 800-927-7190 or 973-927-6300 for immediate attention
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