The Grow Your Wealthy Mindset Podcast

Episode 103: What to know about 457 plans

May 15, 2024 Elisa Chiang Season 2 Episode 103
Episode 103: What to know about 457 plans
The Grow Your Wealthy Mindset Podcast
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The Grow Your Wealthy Mindset Podcast
Episode 103: What to know about 457 plans
May 15, 2024 Season 2 Episode 103
Elisa Chiang

Depending on where you work, you may have the ability to invest in a 457 plan. 457 plans are another type of retirement account where money can grow tax free similar to a 401K or 403B but there are some important differences compared to 401Ks and 403Bs. Depending on your employer, it may not be a good idea to invest within their 457 plan. Generally, if you work for a government employer, like a county hospital, then you’re safe investing in a 457 plan. If you work for a community hospital, you’ll need to be very confident in the hospital’s financial situation before contributing to a 457 plan. This episode discusses the nuances of 457 plans and how they different from other retirement accounts.
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If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook

 

You can learn more about Elisa at her website or follow her on social media.

Website: https://ww.GrowYourWealthyMindset.com

Instagram https://www.instagram.com/GrowYourWealthyMindset

Facebook https://www.facebook.com/ElisaChiang

https://www.facebook.com/GrowYourWealthyMindset

YouTube: https://www.youtube.com/c/WealthyMindsetMD

Linked In: www.linkedin.com/in/ElisaChiang 

Show Notes

Depending on where you work, you may have the ability to invest in a 457 plan. 457 plans are another type of retirement account where money can grow tax free similar to a 401K or 403B but there are some important differences compared to 401Ks and 403Bs. Depending on your employer, it may not be a good idea to invest within their 457 plan. Generally, if you work for a government employer, like a county hospital, then you’re safe investing in a 457 plan. If you work for a community hospital, you’ll need to be very confident in the hospital’s financial situation before contributing to a 457 plan. This episode discusses the nuances of 457 plans and how they different from other retirement accounts.
Please subscribe and leave a review on your favorite Podcasting platform. 

 

If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook

 

You can learn more about Elisa at her website or follow her on social media.

Website: https://ww.GrowYourWealthyMindset.com

Instagram https://www.instagram.com/GrowYourWealthyMindset

Facebook https://www.facebook.com/ElisaChiang

https://www.facebook.com/GrowYourWealthyMindset

YouTube: https://www.youtube.com/c/WealthyMindsetMD

Linked In: www.linkedin.com/in/ElisaChiang