With most people transitioning through several employers during their career, it is fairly common for them to leave a trail of employer-sponsored retirement accounts behind. While it’s possible to let each of these accounts continue growing on their own, this is rarely the best option for your finances. In fact, you would almost always be… Continue Reading–>
In a previous post, I shared some of the basics of 403(b) Tax Sheltered Annuities. As a recap, a 403(b) is a type of retirement account that’s only offered to employees in certain not-for-profit and government jobs. For these employees, their 403(b) is the equivalent of their 401(k). While employee limits are the same for those… Continue Reading–>
My firm LPL Financial is changing its policies on 403b accounts. This change is in accordance with the new IRS regulations on 403b plans. Whether a client of LPL Financial or not, your 403b may fall under the same policy. You may want to double check with your employer or 403b provider to see how… Continue Reading–>
Are you currently contributing to your 403(b) plan at your employer? Have you recently received a letter from your employer in regards to the changing regulations that are occurring in the New Year for 403(b) providers? Did you receive this letter and are now even more confused in regards to your 403(b) going forward? If… Continue Reading–>
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,… Continue Reading–>
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