A retirement plan similar to a 401(k) plan, but one which is offered by non-profit organizations, such as universities and some charitable organizations, rather than corporations. There are several advantages to 403(b) plans: contributions lower taxable income, larger contributions can be made to the account, earnings can grow tax-deferred, and some plans allow loans. Contributions can grow tax-deferred until withdrawal at which time the money is taxed as ordinary income (which is sometimes a disadvantage).
Related information about 403(b) plan:
- 403(b) - Wikipedia, the free encyclopedia
A 403(b) plan is a U.S. tax-advantaged retirement savings plan available for public education organizations, some non-profit employers (only Internal Revenue ...
- Publication 571 (12/2011), Tax-Sheltered Annuity Plans (403(b) Plans)
A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement plan for certain employees of public schools, employees of certain tax-exempt ...
- 403(b) Plan Definition | Investopedia
A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement income accounts can invest in ...
- 403(b) Plan: Introduction | Investopedia
A 403(b) plan is a retirement plan for certain public school employees, employees of tax-exempt organizations and ministers.
- 403(b)wise : 403(b) FAQs
A 403(b) plan can provide a healthy supplement to a pension. ... Generally, if you contribute $100 a month to a 403(b) plan, you've reduced your Federal income ...
- Benefits - 403(b) Plan
Feb 22, 2012 ... However, the biggest difference between the two plans is that a 401(k) plan covers private-sector workers, and a 403(b) plan is designed for ...
- Evaluating Your Retirement Options
Jun 9, 2008 ... A 403(b) plan is a type of tax-deferred retirement savings program that ... to pay taxes on the amount you contribute to a 403(b) plan for the year ...
- 403(b) Plan
A 403b plan is a retirement plan for University, civil government, and not-for-profit employees. It has the same characteristics and benefits of a 401k. These links ...