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Two people smiling and high-fiving each other while picking up trash in a park.
With a 457 plan, you defer part of your income, use it to invest in annuities and mutual funds, and grow those earnings until a later date

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Personal Finance, Investing, Retirement, 457-plan, pfi-reference, personal-finance-insider, investing-reference, pfi-storytelling
Source
457 plans: The retirement option for nonprofit and government workers