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bcappetto
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Is a 457(b) considered a traditional/Roth IRA contribution?

 
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Is a 457(b) considered a traditional/Roth IRA contribution?

No, 457 is a deferred compensation plan through a government or tax exempt organization, in contrast to IRAs which are individual and the account owner sets up the plan.  (essentially there are different requirements)

Plans eligible under 457(b) allow employees of sponsoring organizations to defer income taxation on retirement savings into future years.



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