Hey everyone, I’m a bit new to all this retirement planning stuff. I just came across something called a 457 plan and I’m trying to wrap my head around how it works. Can someone explain the basics of a 457 plan, especially how it’s different from more common plans like a 401(k) or an IRA? I’m curious about contribution limits, tax advantages, and any special rules around withdrawals that I should be aware of. Also, if anyone has personal experience with a 457 plan and can share some pros and cons, that would be super helpful! Thanks in advance for any insights.
