State and local government employees can invest more in their 457 plans ... retirement accounts, the IRS doesn't penalize you for taking early withdrawals from a 457 account before age 59-1/2.

Even if you’re not eligible for another plan, special 457(b) has additional catch up provisions in for workers three years from the retirement age (as specified by their plan) to stash an ...

Fact checked by Vikki Velasquez A 457 plan is a tax-advantaged retirement savings plan primarily used by employees of state and local governments, as well as certain non-profit organizations. Like 401 ...

A 457 is a retirement ... turn age 59 1/2 or after separating from service during or after the calendar year in which you turn 55 (or 50 for public safety employees). While both plans allow ...