A retirement plan may be one of the most valuable benefits of employment. Used effectively, it can deliver a long-term impact on your financial well-being. See how a retirement plan works and learn about the power you have to control your financial future.
If you work for a tax-exempt organization, a 403(b) plan is a tool that may help you reach your retirement goals. 403(b) retirement plans are also known as tax-sheltered (or tax-deferred) annuities.
Tax-deferred 403(b) plans are designed for employees of:
- Public schools
- Colleges and universities
- Churches and other religious organizations
- Tax-exempt, non-profit organizations such as charities or certain hospitals