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Tax Sheltered Annuity

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What is a 403b?

by Jeff Rose on August 7, 2008

in Retirement Planning

A 403(b) plan is a tax-advantaged retirement savings plan available for public education organizations, some nonprofit employers (only US Tax Code 501(c)(3) organizations), and self employed ministers in the United States. The tax treatment is very similar to that of a 401k. Most people that I run into that have a 403(b) option are teachers, university employees, pastors, and hospital employees.

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