Category: 403(b)
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The Roth 403(b)
Some employers offer 403(b) plan participants the opportunity to make Roth 403(b) contributions. If you have access to this option, Roth contributions could play an important role in helping enhance your retirement income. What is a Roth 403(b)? A Roth 403(b) is a traditional 403(b) plan that accepts Roth 403(b) contributions. Roth 403(b) contributions are…
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403(b) Plans: The Basics
Retirement plans established under Section 403(b) of the Internal Revenue Code, commonly referred to as 403(b) plans or “tax-sheltered annuities,” have become a popular type of employer-sponsored retirement plan. What is a 403(b) plan? A 403(b) plan is a retirement savings plan, sponsored by a tax-exempt organization or public school, that offers significant tax benefits…