POLICE OFFICER EXPLAINS: Deferred Compensation 457b
As a Police Officer, the 457b is can be a powerful tool to help secure your retirement. Additionally, because it is separate, it cannot be attacked like a pension or other retirement incentives like The Deferred Retirement Option Program (DROP). Hopefully, this quick overview of the 457b jumpstarts your eagerness to start contributing to your own.
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01:03 Quick Synopsis of 457b
04:30 457b Defined
06:35 Advantages and Benefits of 457b
07:36 457b Penalty Compared to other Traditional Investments
08:33 Withdrawing from 457b
09:26 457b Contributions
10:51 Stacking 457b with 401k or 403b.
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