Welcome to 457(b)wise. This site is brought to you by teachers Dan Otter and John Moore, the operators of 403(b)wise, a nationally recognized website dedicated to educating educators and other non-profit workers about the 403(b) retirement plan. Since its launch in 2000 hundreds of thousands of teachers and non-profit workers have used 403(b)wise to get wise to the 403(b) retirement plan. The site has been featured in the Washington Post, US News & World Report and USA Today.   In 2001 something wonderful happened to the 457(b) plan. Congress made it better. Thanks to the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) of 2001, contribution limits were significantly increased and coordination limits between the 403(b) and the 457(b), were repealed. The 457(b) has traditionally covered state and local government employees, which included some teachers. In the past, teachers who wished to contribute to both plans were limited to the total aggregate amount of the 457(b) which was only $8,500 at the time. Thanks to EGTRRA participants who are eligible for both plans can now contribute the maximum allowed to each plan. This legislative development has created a lot of excitement and interest in the 457(b).   In 2003 and again in 2004, the Bush administration announced a plan that could radically alter the 457(b). So now more than ever there is a need for timely, independent 457(b) news and information. The goal of 457(b)wise is to do just that.   Sincerely,   We welcome your comments, suggestions and feedback about this site. Email us at ContactUs@403bwise.com.     Home | Disclaimer | © 2003-2004 bWise Guys, LLC. All rights reserved.