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A 403 (b) is the retirement planning vehicle used by not-for-profit or other tax-exempt employers of nurses, doctors, teachers, professors, school personnel, researchers, clergy, and some ...
The Employee Retirement Income Security Act (ERISA) does not require 403 (b) plans to be technically "qualified" plans (i.e., plans governed by U.S. Tax Code 401 (a)), but 403 (b) plans have the same general appearance as qualified plans. While the option is available it is not known how prevalent or if any 403 (b) plan has been started or amended to be ERISA-qualified. This is because the ...
A 403 (b) plan is used for some employees in the public sector, school districts, churches and non-profit organizations and charities. A 401 (k) plan is used for employees in the private sector ...
A 403 (b) retirement plan is an employer-sponsored plan for employees of public schools and certain 501 (c) (3) tax-exempt organizations. Also known as a tax-sheltered annuity plan, a 403 (b) is ...
A 403 (b) plan is a retirement savings plan available to employees of public schools, churches and certain 501 (c) (3) nonprofit organizations. Named after the section of the IRS code that governs ...
A retirement plan is a financial arrangement designed to replace employment income upon retirement. These plans may be set up by employers, insurance companies, trade unions, the government, or other institutions. Congress has expressed a desire to encourage responsible retirement planning by granting favorable tax treatment to a wide variety of plans. Federal tax aspects of retirement plans ...
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