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A 403b is similar to a 401k but involves non-profit or charitable organizations. Churches, some community colleges, or private colleges are among the examples. There are somewhat different rules on 403b contribution levels. Withdrawals for active pastors also may make deductions for housing allowances deductible.
Wiki User
∙ 14y ago
Wiki User
∙ 8y agoAccording to the IRS, a 403(b) Plan is also known as the tax-sheltered annuity plan (TSA Plan). This plan operates as a retirement plan for employees of certain tax-exempt organizations including public schools, nonprofit organizations, and ministers. There are three different account options for the 403(b) Plan, including an annuity contract, a custodial account that is invested in a mutual fund, or as a retirement income amount that may be invested in annuities or mutual funds.
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How do you close a 403B account?
can i close my 403b account
Is there any way I can transfer my 403B into money market?
There are many ways to transfer 403B into money market
Can you cash out your 403b?
You can cash out your 403b, but expect tax penalties of up to 30% if you are under the age of 59 1/2.
What is the maximum 403b contribution for 2009?
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
What are the benefits of a 403b retirement plan?
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.
What is the max contribution for 403B 2013?
17000
Does Utah law allow 403b plans?
no.
What is the maximum 403b contribution for 2011?
17,500
How can I cash out my 403b?
by asking for it! by asking for it! by asking for it!
How does a 403b retirement plan differ from a 401(k) plan?
It is always good to have a retirement plan you need to first decide what you want,this site http://www.nationwide.com/403b-retirement-plans.jsp will tell you about a 403b plan which differs from a 401k plan which is usually offered by your company.
Is loan from 403b reported on credit report?
yes
Can you contribute to both a roth IRA and 403b?
yes
