{"id":2791,"date":"2019-07-25T14:03:44","date_gmt":"2019-07-25T14:03:44","guid":{"rendered":"http:\/\/ffbenefits.ffga.com\/desotoisd\/?page_id=2791"},"modified":"2026-05-18T20:20:55","modified_gmt":"2026-05-18T20:20:55","slug":"457b-retirement-plans","status":"publish","type":"page","link":"https:\/\/ffbenefits.ffga.com\/desotoisd\/457b-retirement-plans\/","title":{"rendered":"457(b) Retirement Plans"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2af37b-c030e1ca2c4555d91a4ce80c67e7533b\">\n.flex_column.av-2af37b-c030e1ca2c4555d91a4ce80c67e7533b{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-2af37b-c030e1ca2c4555d91a4ce80c67e7533b av_one_full  avia-builder-el-0  el_before_av_two_third  avia-builder-el-first  first flex_column_div av-zero-column-padding  '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-jyhrqpwm-c20304110b3e51e41579d5725901bb69\">\n.avia-image-container.av-jyhrqpwm-c20304110b3e51e41579d5725901bb69 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-jyhrqpwm-c20304110b3e51e41579d5725901bb69 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-jyhrqpwm-c20304110b3e51e41579d5725901bb69 av-styling- avia-align-center  avia-builder-el-1  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-3242 avia-img-lazy-loading-not-3242 avia_image ' src=\"https:\/\/ffbenefits.ffga.com\/desotoisd\/wp-content\/uploads\/sites\/39\/2020\/06\/457.png\" alt='457 b' title='457'  height=\"203\" width=\"1500\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/ffbenefits.ffga.com\/desotoisd\/wp-content\/uploads\/sites\/39\/2020\/06\/457.png 1500w, https:\/\/ffbenefits.ffga.com\/desotoisd\/wp-content\/uploads\/sites\/39\/2020\/06\/457-300x41.png 300w, https:\/\/ffbenefits.ffga.com\/desotoisd\/wp-content\/uploads\/sites\/39\/2020\/06\/457-1030x139.png 1030w, https:\/\/ffbenefits.ffga.com\/desotoisd\/wp-content\/uploads\/sites\/39\/2020\/06\/457-768x104.png 768w, https:\/\/ffbenefits.ffga.com\/desotoisd\/wp-content\/uploads\/sites\/39\/2020\/06\/457-705x95.png 705w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/><\/div><\/div><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-65xldz-ab5d24ccc785e4e0496a3c574589bf88\">\n.flex_column.av-65xldz-ab5d24ccc785e4e0496a3c574589bf88{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-65xldz-ab5d24ccc785e4e0496a3c574589bf88 av_two_third  avia-builder-el-2  el_after_av_one_full  el_before_av_one_third  first flex_column_div av-zero-column-padding  column-top-margin'     ><section  class='av_textblock_section av-jx3muuys-b48d46802976f30a2ab505615523f86a '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>A 457(b) plan is a Tax Deferred Retirement Plan available to employees of state and local governmental agencies, including public school employees. They are similar to 401(k) plans because they allow you to place a percentage of your salary into an employer-sponsored plan that helps you save for retirement. You will not have to pay taxes on what you contribute or earnings made until you withdraw the money.<\/p>\n<p><strong>Benefits Include:<\/strong><\/p>\n<ul>\n<li>Investment options: fixed annuities, variable annuities, or mutual funds<\/li>\n<li>Flexibility: start, stop, and adjust your contributions as allowed by your employer&#8217;s plan<\/li>\n<li>Receive periodic account statements<\/li>\n<li>There&#8217;s no 10% federal penalty on interest or earnings for early withdrawal<\/li>\n<li>There&#8217;s no current federal income taxes on the money you put into the plan until it is time to take withdrawals<\/li>\n<\/ul>\n<p><strong>Contribution Limits<\/strong><\/p>\n<ul>\n<li><strong>2025<\/strong>: $23,500<\/li>\n<li><strong>2026<\/strong>: $24,500<\/li>\n<li>Participants aged 50 and older at any time during the calendar year are permitted to contribute an additional $8,000.<\/li>\n<\/ul>\n<p><em>All investing involves risk. Past performance is not a guarantee of future returns.<\/em><\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-3yyvfb-35bb2a92659c41af30d44ecd9a8df53c\">\n.flex_column.av-3yyvfb-35bb2a92659c41af30d44ecd9a8df53c{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-3yyvfb-35bb2a92659c41af30d44ecd9a8df53c av_one_third  avia-builder-el-4  el_after_av_two_third  avia-builder-el-last  flex_column_div av-zero-column-padding  column-top-margin'     ><p><article  class='iconbox iconbox_top av-bx2hqw-7a9eba85a48023403518535dee14afeb  avia-builder-el-5  el_before_av_iconlist  avia-builder-el-first  main_color'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconbox_content\"><header class=\"entry-content-header\" aria-label=\"Icon: HORACE MANN INSURANCE\"><div class='iconbox_icon heading-color avia-svg-icon avia-font-svg_entypo-fontello' data-av_svg_icon='phone' data-av_iconset='svg_entypo-fontello' ><svg version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"26\" height=\"32\" viewBox=\"0 0 26 32\" preserveAspectRatio=\"xMidYMid meet\" aria-labelledby='av-svg-title-1' aria-describedby='av-svg-desc-1' role=\"graphics-symbol\">\n<title id='av-svg-title-1'>HORACE MANN INSURANCE<\/title>\n<desc id='av-svg-desc-1'>HORACE MANN INSURANCE<\/desc>\n<path d=\"M14.752 17.92q5.184-5.184 3.776-6.592l-0.256-0.256q-0.96-0.96-1.312-1.536t-0.128-1.728 1.568-2.816q0.64-0.768 1.184-1.248t1.12-0.512 0.96-0.032 0.928 0.416 0.768 0.576 0.832 0.8 0.672 0.704q1.536 1.536-0.192 6.208t-6.528 9.408q-4.8 4.8-9.44 6.56t-6.176 0.224q-0.064-0.064-0.736-0.704t-0.8-0.8-0.576-0.768-0.416-0.992 0.064-0.96 0.48-1.12 1.216-1.184q1.344-1.088 2.24-1.504t1.728-0.064 1.12 0.576 1.248 1.184q1.408 1.408 6.656-3.84z\"><\/path>\n<\/svg><\/div><h3 class='iconbox_content_title '  itemprop=\"headline\" ><a href='mailto:chamara.fields@horacemann.com' title='HORACE MANN INSURANCE'  target=\"_blank\"  rel=\"noopener noreferrer\" >HORACE MANN INSURANCE<\/a><\/h3><\/header><div class='iconbox_content_container '  itemprop=\"text\" ><p>(682) 622-9062<\/p>\n<p><a href=\"mailto:Chamara.Fields@horacemann.com\" target=\"_blank\" rel=\"noopener\">Chamara.Fields@horacemann.com<\/a><\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-jv9m4793-e304a2032ef4889f95d5ad06267f7cfa\">\n#top .avia-icon-list-container.av-jv9m4793-e304a2032ef4889f95d5ad06267f7cfa .iconlist_icon{\ncolor:#ffffff;\nbackground-color:#91723f;\n}\n#top .avia-icon-list-container.av-jv9m4793-e304a2032ef4889f95d5ad06267f7cfa .iconlist_icon svg:first-child{\nstroke:#ffffff;\nfill:#ffffff;\n}\n<\/style>\n<div  class='avia-icon-list-container av-jv9m4793-e304a2032ef4889f95d5ad06267f7cfa  avia-builder-el-6  el_after_av_icon_box  avia-builder-el-last '><ul class='avia-icon-list avia_animate_when_almost_visible avia-icon-list-left av-iconlist-big av-jv9m4793-e304a2032ef4889f95d5ad06267f7cfa avia-iconlist-animate'>\n<li><div class='iconlist_icon av-31gtfr-d353c318d2d10d96e74a1808f35fccea avia-font-entypo-fontello avia-iconfont avia-font-entypo-fontello'><span class='av-icon-char' data-av_icon='\ue835' data-av_iconfont='entypo-fontello' aria-hidden=\"true\"><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconlist_content_wrap\"><header class=\"entry-content-header\" aria-label=\"Icon: &lt;a href=&#039;http:\/\/services.ffga.com\/403(b)-home\/403(b)-employer-information.aspx&#039; 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