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What Is a 403(b) Plan?

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The 403(b) plan is a retirement savings plan that is applicable to teachers, employees of nonprofits and some ministers. It also enables the participants to save portion of their wages in tax-favored plans, which enables them to save towards their retirement. Depending on the plan, you can make the contributions before or during a Roth option. The money is tax-deferred until it is withdrawn, typically at retirement age. Other employers also make matching contributions and this multiplies the savings of the employee on retirement. It is intended more or less like a 401(k) only that it is tailored to employees of educational organizations and tax-exempt companies. what is a 403b plan

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4 Comments:

  1. The Hebrew midwives feared God and told Pharaoh the mothers gave birth before they could arrived. God rewarded them with homes.

  2. “But the midwives feared God, and did not do as the king of Egypt had commanded them, but let the boys live. So king of Egypt called for the midwives, and said to them, ‘Why have you done this thing, and let the boys live?’ And the midwives said to Pharaoh, ‘Because the Hebrew woman are not as the Egyptian women; for they are vigorous, and they give birth before the midwife can get to them.’ So God was good to the midwives, and the people multiplied, and became very mighty. And it came about because the midwives feared God, that He established households for them. Then Pharaoh commanded all his people, saying, ‘Every son who is born you are to cast into the Nile, and every daughter you are to keep alive.’”

  3. 17 But the midwives feared God, and did not as the king of Egypt commanded them, but saved the men children alive.

    18 And the king of Egypt called for the midwives, and said unto them, Why have ye done this thing, and have saved the men children alive?

    19 And the midwives said unto Pharaoh, Because the Hebrew women are not as the Egyptian women; for they are lively, and are delivered ere the midwives come in unto them.

    20 Therefore God dealt well with the midwives: and the people multiplied, and waxed very mighty.

    21 And it came to pass, because the midwives feared God, that he made them houses.

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