How Do I Invest Money in My 457 Plan?

How Do I Invest Money in My 457 Plan?

Investments are funded through payroll deductions and go into investment options chosen by the sponsoring employer.

457 Plan investments work similarly to 401(k) or 403(b) investments: you are limited to a selection of Mutual Funds and other investment instruments, and it’s up to you to decide how to allocate the money, at least if you work for a government entity.

Plans at non-profits may have to remain under the control and subject to the creditors of the business. Some such plans allow participants to direct the investments for a portion of their account, but sometimes they do not.

Asset allocation can be a tricky business, and we’re talking about your precious retirement money, so read on for more information about how to effectively invest your money.