A 403(b) plan that invests in an annuity. See 403(b) plan.
Under Section 403 (b) of the Internal Revenue Code employees of a public school system or a qualified charitable organization are allowed to contribute up to $9,500 into a retirement plan. The accrual of dividends and cash values is not taxable until the annuitant actually receives the benefits, and only on the amount that exceeds the investment in the annuity.
(See "Section 403(b) Plan.")
a retirement or tax-deferred program available only to employees of a public education organization or a 501(c)(3) tax-exempt organization
a funding vehicle for retirement where an employee may make voluntary contributions through salary reduction up to a maximum amount established by the Internal Revenue Service
a special annuity plan or contract purchased for an employee of a public school or tax-exempt organization
a type of pension plan for employees of public schools and other entities which qualify as non-profit, tax-exempt organizations according to the Internal Revenue Code
A retirement plan sponsored by a non-profit religious, charitable or educational organization or a public school. Also referred to as a Sec. 403(b) plan. All pretax contributions and investment earnings are tax-deferred until distributed, usually after retirement.
A qualified retirement plan available only to employees of certain nonprofit, tax-exempt organizations and public schools; also called Tax-Deferred Annuities, 403 (b) Annuities, or 501 (c) Annuities.
See Tax-Deferred Annuity.
A retirement account for certain workers such as teachers and hospital employees. A voluntary percentage, up to a maximum amount, is taken from pretax dollars and set aside for the employee. TSAs usually are held with insurance companies, where the money is placed in fixed accounts to earn interest. There are restrictions as to when and how you can withdraw these funds without penalties.
a type of retirement plan under Section 403(b) of the Internal Revenue Code that permits employees of public educational organizations or tax-exempt organizations to make before-tax contributions via salary reduction agreement to a tax-sheltered retirement plan.
Also called a 403(b). A retirement plan under Section 403(b) of the Internal Revenue Code allowing employees of government and nonprofit organizations to make pretax contributions up to a predefined annual limit.
A tax-deferred annuity available only to employees of schools, nonprofit hospitals and certain other tax-exempt organizations in which contributions are made through payroll reduction on a pre-tax basis. All earnings grow tax deferred until withdrawals are made.
