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Retirement 101
Under Section 457 of the Internal Revenue Code, employees of public school systems, state and municipal governments, and employees of certain nonprofit organizations can save money for retirement on a before-tax basis.
If you are an employee of a government or nonprofit corporation, and have the opportunity to participate in a 457 deferred compensation plan, then you should read the following lessons. Participation in a 457 deferred compensation plan is voluntary, and the following web pages will explain how you and your family can benefit from your participation in a 457 deferred compensation plan.
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