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457 Plan Contribution Limit for 2024 Rises to $20,500

CPA Practice

JANUARY 11, 2024

Employees of state and local governments can stash more money in their 457 plans in 2022 than in 2021. Target-date funds typically are named in five-year increments: 2030, 2035, 2040 and so on.) Besides target-date funds, 457 plans generally offer a lineup of index funds , actively managed stock mutual funds and fixed-income funds.

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