Investing Tip #114: Minimize Investing in 457 Plans http://thecollegeinvestor.com/14309/investing-tip-114-minimize-investing-457-plans/?utm_campaign=coschedule&utm_source=pinterest&utm_medium=The%20College%20Investor%3A%20Young%20Adult%20Investing%20(Money%20Management)&utm_content=Investing%20Tip%20%23114%3A%20Minimize%20Investing%20in%20457%20Plans
You won't be able to save more in a 401(k) or individual retirement account in 2016. Here are the ways your retirement accounts will change in 2016. The contribution limit for 401(k)s, 403(b)s, most 457 plans and the federal government's Thrift Savings Plan will remain $18,000 in 2016.
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A company retirement plan--whether a 401(k), 403(b), or 457 plan--is the starter savings vehicle for many investors, so it's probably not surprising that the plans usually have more guardrails than other investment vehicles.