403(b) Savings Calculator
403(b) plans are only available for employees of certain non-profit tax-exempt organizations: 501c(3) Corps, including colleges, universities, schools, hospitals, etc. If you are an employee of one of these organizations, a 403(b) can be one of your best tools for creating a secure retirement. It provides you with two important advantages. First, all contributions and earnings to your 403(b) are tax-deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your 403(b) account which can range from 0% to 100% of your contributions. The combined result is a retirement savings plan you cannot afford to pass up.
No, you cannot use your 403b retirement savings to buy a house without facing penalties and taxes.
A 403b contribution limit calculator can be found at a number of websites, including Dinkytown and Intuit. These will help investors work out the best way to get a return.
can i close my 403b account
There are many ways to transfer 403B into money market
No, you cannot use your 403b retirement account to directly buy a house.
You can cash out your 403b, but expect tax penalties of up to 30% if you are under the age of 59 1/2.
According to "My Money Blog" the maximum amount for a 403b increases to $16,500 for 2009. http://www.mymoneyblog.com/archives/2009/01/2009-401k-403b-maximum-salary-contribution-limits.html
There are not any special benefits of a 403B retirement plan when compared to the more familiar 401K retirement plan. The only difference is that if your work for the government or are in a civil service type job the retirement plan is called 403B.
by asking for it! by asking for it! by asking for it!
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17,500
17000