A 403(b) retirement plan, also called a tax-sheltered annuity plan, is a specialized retirement plan for employees of public schools and certain non-profit organizations. The plan, like a 401(k), is ...
What is a 403(b) plan, and can it be part of your retirement strategy? You may have come across a 403(b) as part of your benefits package as an employee at a public school or a charitable organization ...
Are you employed by an educational institution, church, or nonprofit? If so, there’s a retirement savings program authorized by section 403(b) of the Internal Revenue Code that allows eligible ...
Planning for retirement can seem daunting, but it’s essential to securing a stable financial future. For those working in public schools, nonprofit organizations and some churches, a 403(b) plan ...
A Roth 403(b) plan is one type of tax-advantaged, employer-sponsored retirement savings account that combines elements of a Roth IRA and a traditional 403(b). While these plans share some similarities ...
If you have an employer-sponsored retirement plan, like a 403(b), leaving your job means you’ll need to decide what to do with your account. When retiring, you have three main options: You can retain ...
The creation of the modern 401(k) is a complicated story, but the emergence of today’s tax-qualified 403(b) plan is an even more intricate tale. It’s not the only corner of the retirement planning ...
In 2025, 403(b) contribution limits exceeded 2024 limits by a welcome $500. That's helpful (and a big boost) for certain employees of schools and other tax-exempt organizations who can participate in ...
Let’s say you’re a public school teacher earning $70,000 annually. Your 401 (a) plan requires you to contribute 5% ($3,500), and your employer contributes another 5% ($3,500). Together, you’re saving ...