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Business directory to 401k rollover information and advice.
www.business.com/finance/401k-rollover/Retirement industry advisers and consultants.
www.business.com/finance/retirement-consultants/Companies that provide retirement plan benefits, including 401k plans and pensions. Get information on corporate retirement plans, or how to offer retirement benefits for employees.
www.business.com/finance/retirement-plans/401(k) plans allow employees to save for their retirement by contributing a portion of their wages to an individual account. Employers can also contribute to 401(k) plans in the form of employee benefits; be sure your 401(k) vendor can manage your employees’ investments wisely.
www.business.com/finance/401k/Source: /guides/403-b-plan-key-terms-33169/
The 403(b) plan, sometimes called a tax-deferred annuity (TDA) or a tax-sheltered annuity (TSA), is very similar to the better-known 401(k) retirement investment plan. It is designed to allow certain employees of public schools, tax-exempt organizations and ministers to save for retirement through tax-deferred salary contributions. Read More »
Source: /guides/403-b-plans-4182/
403(b) plans are retirement plans for people employed by not for profit organizations. Offering a retirement plan is a good way to encourage employees to stay with your company and increase job satisfaction. Read More »
403(b) Plans Education and Training
Before you decide to set up one of these plans, you'll want to learn some information about them using 403(b) plans education and training. Consider is 403b information as part of your education:
1. Find basic information about 403b retirement plans.
2. Find out about types of 403b retirement plans.
3. Find out what kinds of contributions you can make to your 403(b) plan.
Learn basic information about 403b retirement plans
Before you choose and enroll in a 403b retirement plan, you'll want to find educational information explaining what they are, how they work and how they benefit you. And after you sign up for a 403b plan, you'll want to keep updated on information about your plan and 403b plans in general.Learn about the different types of 403b retirement plans
You can continue your education and training by understanding the three basic types of 403b retirement plans: an annuity contract provided through an insurance company; a mutual fund, or custodial account, with limited investment companies; and retirement income accounts, which allow you to choose investments from either annuities or mutual funds.The U.S. Securities and Exchange Commission website provides definitions of different 403b plans, questions to ask yourself when choosing the type to choose from and contacts that can provide you with more information.
Learn about the different contributions for your 403(b) plans
There are different types of contributions that you can add to 403(b) plans. An important part of your training is education about what types of contributions are available and how you can make them.- You can also research information on a 403(b) insurance plan.
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Tips & Advice for 403(b) Plans
If you manage a non-profit, public education, or cooperative hospital organization, then you might want to use 403(b) plans to help your employees save money for the future. This type of plan is similar to 401(k) plans. A 403(b), however, can only be used by certain types of organizations and self-employed ministers.
There are several advantages of using 403(b) plans. For instance, all contributions made into the plan are tax exempt. Employees, therefore, do not have to pay taxes on the money that they contribute. Instead, the contributions can come directly from their pay checks.
Instead of paying taxes on contributions, a 403(b) plan allows people to pay taxes when they withdraw money. This makes the plan useful for retirement savings.
Since there are a wide variety of details that you will need to understand before you start one of these plans, you might need the help of a professional. You can start learning more about 403(b) advantages and the professionals that work with them by visiting the links that Business.com has listed on the left side of your screen. Spend some time exploring these sites to help ensure that you make a good choice for you, your employees, and your organization.
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