Review:
403(b) Retirement Plan
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
A 403(b) retirement plan is a tax-advantaged retirement savings plan offered to employees of non-profit organizations, schools, and governmental organizations.
Key Features
- Tax-deferred contributions
- Employer matching contributions
- Investment options
- Rollover options
- Early withdrawal penalties
Pros
- Tax advantages for retirement savings
- Potential for employer matching contributions
- Wide range of investment options
Cons
- Limits on contributions compared to other retirement plans
- Early withdrawal penalties