A 457 retirement plan is a great way to help you save for life beyond your prime working years. Opening a plan can help you build savings with the convenience of contributing directly from your salary on a pre-tax basis. You have the ability to start, stop, increase, or decrease contributions at any time.

Enrolling in a 457 savings plan can help bring financial stability and security for life upon retirement. You can lower your current taxes or earn tax-free income, bridge your retirement income gap, and get closer financial independence. Unlike 403(b) plans, early withdrawals from a 457 account are not subject to a 10 percent early withdrawal tax upon separating from the employer.

Enroll and create your 457 account now!

1. Start at www.tcgservices.com/enroll.
2. Search for Bryan ISD and choose the 457(b) Savings Plan.
3. Follow the steps on screen to select your salary contribution and investment options. Don’t forget to designate an account beneficiary. Note: If you’re unsure about which investment option to select or how much you should save, schedule a meeting with a Retirement Plan Specialist at www.tcgservices.com/Dzucconi.
4. Continue until you get a confirmation notice, and you’re done!

In 2024, you can contribute 100 percent of your compensation up to $23,000, whichever is less. If you are age 50 or older, you can contribute up to an additional $7,500 for a total of $30,500. You may simultaneously contribute to both 403(b) and 457 plans.