maximum limit for 457 deferred comp plan | Ed Slott and Company, LLC

maximum limit for 457 deferred comp plan

I've got a client who is a law enforcement officer. He is 54 years old and will be retiring this year. He has accrued a large amount of sick pay that he will receive upon retirement. He'd like to defer as much of this as possible into his 457 deferred comp plan. What is the maximum amount he could defer into the 457?

 

Find members of Ed Slott's Elite IRA Advisor GroupSM in your area.
We neither keep nor share your information entered on this form.
 

I agree to the terms and services:

You may review the terms and conditions here.