{"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":"2026-02-27T21:15:41","modified_gmt":"2026-02-27T21:15:41","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{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\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\" class='wp-image-3242 avia-img-lazy-loading-not-3242 avia_image ' src=\"\/wp-content\/uploads\/sites\/39\/2020\/06\/457.png\" alt='457 b' title='457'  height=\"203\" width=\"1500\"  itemprop=\"thumbnailUrl\" srcset=\"\/wp-content\/uploads\/sites\/39\/2020\/06\/457.png 1500w, \/wp-content\/uploads\/sites\/39\/2020\/06\/457-300x41.png 300w, \/wp-content\/uploads\/sites\/39\/2020\/06\/457-1030x139.png 1030w, \/wp-content\/uploads\/sites\/39\/2020\/06\/457-768x104.png 768w, \/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{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\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<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-3yyvfb-35bb2a92659c41af30d44ecd9a8df53c\">\n.flex_column.av-3yyvfb-35bb2a92659c41af30d44ecd9a8df53c{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\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-6bcae7336278dad6bf4dbeb0d839e6ab  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\"><div class=\"iconbox_icon heading-color\" aria-hidden='true' data-av_icon='\ue854' data-av_iconfont='entypo-fontello'><\/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<\/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'><span class='iconlist-char' aria-hidden='true' data-av_icon='\ue835' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconlist_content_wrap\"><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title  '  itemprop=\"headline\" ><a href='http:\/\/services.ffga.com\/403(b)-home\/403(b)-employer-information.aspx' title='EMPLOYER PLAN PROVIDER INFORMATION'>EMPLOYER PLAN PROVIDER INFORMATION<\/a><\/h4><\/header><div class='iconlist_content '  itemprop=\"text\" ><p><a href=\"\/wp-content\/uploads\/sites\/39\/2020\/07\/DeSoto-ISD-Fee-Fact-Sheet-Horace-Mann.pdf\" target=\"_blank\" rel=\"noopener\">DeSoto ISD Fee Fact Sheet Horace Mann<\/a><\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class=\"iconlist-timeline\"><\/div><\/li>\n<\/ul><\/div><\/p><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":10,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2791","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/ffbenefits.ffga.com\/desotoisd\/wp-json\/wp\/v2\/pages\/2791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ffbenefits.ffga.com\/desotoisd\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ffbenefits.ffga.com\/desotoisd\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ffbenefits.ffga.com\/desotoisd\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/ffbenefits.ffga.com\/desotoisd\/wp-json\/wp\/v2\/comments?post=2791"}],"version-history":[{"count":18,"href":"https:\/\/ffbenefits.ffga.com\/desotoisd\/wp-json\/wp\/v2\/pages\/2791\/revisions"}],"predecessor-version":[{"id":4086,"href":"https:\/\/ffbenefits.ffga.com\/desotoisd\/wp-json\/wp\/v2\/pages\/2791\/revisions\/4086"}],"wp:attachment":[{"href":"https:\/\/ffbenefits.ffga.com\/desotoisd\/wp-json\/wp\/v2\/media?parent=2791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}